November Residential Highlights
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This November, sales activity in Lane County continued to outpace totals from the same month a year ago.
Compared to November 2008, closed sales rose 34.4% and pending sales increased 1.6%. New listings dropped 0.6%.
Comparing November 2009 with October 2009, closed sales decreased 19.1% (254 v. 314). Pending sales were down 41.1% (196 v. 333). New listings decreased 29.4% (355 v. 503).
At the month’s rate of sales, the 1,859 active residential listings would last approximately 7.3 months.
Year-to-Date
Comparing January-November 2009 with the same period in 2008, pending sales grew 2.7%. Closed sales were down 4%. New listings fell 14%.
Sale Prices
The average sale price for November 2009 was down 3.9% compared to November 2008, while the median sale price dropped 3.5%. See residential highlights table below.
Month-to-month, the average sale price and median sale price were up when compared with October; the average sale price increased 1.8% ($221,000 v. $217,200) and the median sale price was up 2.5% ($199,800 v. $195,000).
