Market Update

2024 in Review The Lane County real estate market closed 2024 with a surprising level of stability. Despite higher interest rates, home prices did not fall as some expected. Instead, they held steady around $435,000 for most of the year and rose slightly to $450,000 by December. While total sales dipped compared to previous years, […]

A Positive Shift Ahead The Lane County real estate market is expected to see stronger activity in 2025. While home prices may not change dramatically, buyer and seller activity is projected to increase significantly. Many homeowners—especially those 45 and older—remember when interest rates regularly hovered around 6–7%. With today’s rates stabilizing in the same range,

Month-to-Month Trends As the holiday season approached, the Lane County housing market experienced a notable slowdown from October to November. New listings dropped by nearly 39%, signaling fewer homes entering the market. Pending sales fell sharply, down almost 17% compared to October. Closed sales slipped by about 7%, showing a modest seasonal cooling. Despite these

Advice for Buyers Buying a home has always been a challenge. Whether it was 1970 or today, buyers often feel anxious, uncertain, and stretched financially. The truth is, there’s never a “perfect time” to buy. Prices historically continue to rise, making it nearly impossible to save faster than the market increases. The key is to

Limited New Developments Lane County faces a challenge when it comes to large-scale residential construction. Only about five developments are currently underway that plan to build 50 or more homes. With limited land zoned for housing, opportunities for new large projects remain scarce. Seniors Driving the Market Much of today’s real estate activity is fueled

A Tight Rental Market Eugene’s rental market continues to struggle with extremely low vacancy rates. While the city benefits from being home to the University of Oregon, the steady growth in student enrollment has only intensified the pressure on available housing. Apartments are quickly filled during the school year, and finding affordable single-family homes to

Market Stability and Interest Rates As we move through November, the Lane County housing market continues to show stability. Interest rates, currently averaging around 6.75%, have slipped slightly and may decrease by another quarter percent before the end of the year. While this is encouraging for buyers, it’s important to remember that rates remain within