Month-to-Month Trends
As the holiday season approached, the Lane County housing market experienced a notable slowdown from October to November.
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New listings dropped by nearly 39%, signaling fewer homes entering the market.
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Pending sales fell sharply, down almost 17% compared to October.
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Closed sales slipped by about 7%, showing a modest seasonal cooling.
Despite these slowdowns, prices have remained steady. The median home price is still around $435,000, and inventory levels have barely shifted—down only one-tenth of a percent.
Year-over-Year Comparison
Looking back at November 2023 compared to November 2024, the story becomes more encouraging:
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New listings are down about 22%, showing fewer sellers putting homes on the market.
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Closed sales are up 14%, a strong improvement from last year’s slowdown when rising interest rates caused panic.
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Home prices have increased by about 5% year-over-year, reflecting the market’s resilience.
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Time on market has stretched slightly, with homes taking about nine days longer to sell than last year—but this remains a manageable difference.
Seasonal Slowdown, Not Panic
While November brought slower activity, this is common for Lane County as winter and the holidays set in. Many sellers temporarily remove listings during the season, only to relist early in the new year. Historically, January brings renewed buyer activity as people refocus on their goals.
Final Thoughts
Lane County’s housing market remains stable. Although seasonal slowdowns are normal, both buyers and sellers should feel encouraged by year-over-year growth in sales and prices. The market continues to hold strong, offering opportunities for those ready to make a move.
Start Your Journey with Gary Raze
Ready to begin your homeownership journey together? Contact Gary Raze today for expert advice and personalized support.
📞 Phone: (541) 554-5825
✉️ Email: garyraze@remax.net
📍 Office Address: 4710 Village Plaza Loop, Ste 200, Eugene, OR 97401
🌐 Website: lanecountylistings.com