September Residential Highlights
Below is an excerpt.
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Sales activity in Lane County saw marked improvement compared to September 2008. Closed sales grew 23.2% and pending sales were up 38.4%. New listings fell 4.8%.
Comparing September 2009 with August 2009, closed sales increased 11.7% (297 v. 266). Pending sales were up 5.3% (357 v. 339). New listings decreased 11.3% (519 v. 585).
At the month’s rate of sales, the 2,030 active residential listings would last approximately 6.8 months.
Third Quarter Report
Comparing the third quarter of 2009 with the same period in 2008, pending sales increased 17.9% (1,000 v. 848) and closed sales were up 5.1% (920 v. 875). New listings fell 5.2% (1,756 v. 1,853).
Sale Prices
The average sale price for September 2009 was down 6.2% compared to September 2008, while the median sale price dropped 9.2%. See residential highlights table below.
Month-to-month, the average sale price and median sale price were mixed when compared with August; the average sale price ticked up 0.5% ($229,400 v. $228,200) and the median sale price was down a slight 0.9% ($197,500 v. $199,300).
