December 2022 Eugene Real Estate Market Report

Last Updated January 3, 2023

With the curtain closing on 2022, homes in Eugene are spending longer on the market than they have at any point since early 2020. Both buyer and seller activity are down significantly, and prices are about 9% from where they were in the late summer.

With all of that said, inventory is down under a month again after hovering at 1.2 months the past several months. Prices are up slightly month-over-month, and homes with updated finishes in the most desirable locations are still selling fast.

Buyer demand is not what it was, but with so few homes going on the market, buyers may be surprised by the level of competition on some properties. Oregon remains a popular relocation destination – and those who bought homes while interest rates were still low are holding tight.