Eugene, Oregon Real Estate Market Reports

It keeps happening month after month, but Eugene’s inventory of residential properties dropped to record lows again in February. Unsurprisingly, sale prices climbed to record highs, though Eugene’s 2% month-over-month appreciation is still well behind what we’re seeing right now in Bend.  At the same time, new listings are up more than pending sales year-over-year, so we should be right at the edge of a (minor) reversal. More inventory will mean more choices for buyers in the spring, but there’s going to be competition. It’s been an exceptionally barren winter for home shoppers at all price points in Eugene, and…

Through the first month of 2022, inventory increased slightly, with new listings up 45% month-over-month. That’s a promising signal if you’ve been looking for a home in Eugene and have started to feel discouraged. But prices are up too, rising 4% month-over-month to a median sale price of $440,000 in January. That isn’t surprising. Inventory reached a record low of just 0.4 months in December, creating the conditions for exceptional competition among buyers. Sellers took advantage, with list prices hitting a record of $445,000. Even though January’s sales numbers are low, that’s more a reflection of limited choices than a…