As we move further into 2019, now is the perfect time to discuss how things have changed since last year and how things will continue to change in the months ahead.
Want to sell your home? Get a FREE home value report.
Want to buy a home? Search all homes for sale.
Even though it’s still early in the year, it’s already clear that our 2019 real estate market is going to be quite a bit different from what we saw last year.
In contrast to 2018’s record-low inventory, we believe that 2019 will see a nationwide increase in the number of available homes. Because of this, sellers will need to be careful with how they price their homes. We, therefore, highly recommend consulting with a trusted agent before you list.
“
Buyers and sellers alike have a lot of opportunities before them this year.
”
Buyers and sellers alike have a lot of opportunities before them this year.
Of course, there are some similarities between the 2018 and 2019 markets. For one thing, millennials will continue to make up a significant portion of all homebuyers in our market. About 45% of all homebuyers today are millennials, and that percentage is expected to increase in the coming months.
All in all, our market is still very healthy. In Lane County, specifically, activity will remain strong despite rising prices. Buyers and sellers alike have a lot of opportunities before them this year, but with 1.9 months’ worth of available inventory, we are still technically in a seller’s market.
If you’ve got any questions or would like more information, don’t be afraid to reach out. Our team would be happy to serve you. We look forward to hearing from you soon.
