The Latest News From Lane County as We Move Through Fall

Prices aren’t appreciating like we’re used to in Lane County, but we’re still in a good market.

Want to sell your home? Get a FREE home value report.  

Want to buy a home? Search all homes for sale.

For your latest Lane County market update, I’ll do a quick recap of what’s happened since the start of the year and then switch gears to focus on what’s transpired over the last couple of months. We’ve been accustomed to a yearly home price appreciation rate of about 10%, but we estimate that the rate will drop to 6% for 2019. In other words, prices are still rising and we’re still in a good market, but things are cooling off a bit. Since October, the number of pending sales has decreased by 16% compared to the previous month, and the number of closed sales and new listings has dropped 17.5% and 30% during that same time.

“

We’ve been accustomed to a yearly home price appreciation rate of about 10%, but we estimate that the rate will drop to 6% for 2019.

”

Moving forward, are November and December good months to list your home? There are advantages and disadvantages to consider. There won’t be as many buyers out and about, but there won’t be as many sellers either, so you won’t face as much competition. Furthermore, the buyers who are in the market are more motivated to buy. As always, if you have any more questions about our market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d love to help you.