In respect to stats supplied by RMLS in Oregon closed sales in Lane County are reduced 20.5% this September when compared with September of 2009. New listings diminished 13.1% and even worse, pending sales fell 31.7%. At the pace of September’s sales rate Lane County could have 10.4 months of inventory. That might seem like dreary information, unless you look at the 14.1 months of supply we saw available on the market in January 2010. While sales are down, pendings are low, and yes new listings are down too there is some similarities. The total time on market for properties listed (The list day until the day the house proceeded to go pending) continued to be the same; at 119 days on market. The era of the 3 month listings are generally gone. All you sellers on the market please take note… The typical house on the market in Lane County will need 4 months to acquire an offer! This really is average. The more expensive priced you are when compared with your competition the less “average” you are.



While many areas in the Eugene-Metro area still suffered devaluation over the last year, there are some bright spots. Congratulations Ferry Street Bridge! You're the only area in Eugene Oregon that appreciated in Eugene this year. According to Data drawn from RMLS Oregon, Ferry Street Bridge found a 4% increase of the average sales price. Data tells me this is appreciation – Practical knowledge tells me that the upper end houses listed for sale in Ferry Street Bridge are ultimately starting to sell. Statistics are statistics folks. In either case, Ferry Street Bridge is encountering something which the rest of Eugene is not… for the time being.



Who else is seeing light at the end of the real estate tunnel? It is Mohawk Valley! Mohawk Valley also noticed a rise in the average sales price, a remarkable 7.1%. Even though Pending sales are down a whopping 66.7% .Those 19 owners who sold their properties this year really should be gleaming with delight. Alright, my monthly report would not be complete without having some not so good news. I'm sorry North Gilham and Coburg Oregon, the real estate market is not so caring for you as your neighbor Ferry Street Bridge. Coburg Oregon is down 12.1%, while North Gilham has decreased 12.6% for average sales volume. That is probably not great news if you presently own a home in these places, but if you are searching for a great Eugene real estate market to invest in, this may be the location.