Last Updated May 4, 2023
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.