Buyer and seller activity have both remained pretty flat heading into the spring months in Eugene. As has been the case for the past five years, a lack of inventory is the primary factor impacting Eugene’s market. Buyers aren’t turning out because people aren’t listing their homes, and there’s a huge lack of new construction.
With that said, sale prices are up 3% month-over-month to a median of $452,500, down just 6% from the all-time high we saw in April of 2022. When all is said and done, Eugene’s market has proved remarkably resilient, which shouldn’t come as a surprise. Although homes are spending longer on the market than they did last spring, sellers with move-in-ready homes in desirable locations have little to worry about, except for finding a replacement property.
