Q: Where’s Our Market and How Can I Help Those in Need?

Although the real estate market is hot, our main focus is on helping those in need.

In August, the Eugene real estate market actually saw a 9% decrease in listings. Part of this could be attributed to COVID concerns, but it’s something to keep an eye on nevertheless.

On a similar note, our inventory continues to be quite low. Nationally, the U.S. average is three months of inventory. Here in Lane County, we have just one month of inventory. A balanced market is around six months of inventory and anything less is a seller’s market.

The median price in August 2020 for Lane County was $328,000, up 11% from August 2019. The average time on market is just 36 days.

What’s in store for the future of our market? A national survey I read this morning is predicting that prices will continue to rise, inventory will remain low, and interest rates will remain around 3%. That’s good news all around for buyers and sellers.

What’s not good news is what’s happening around our state. Lane County and several other areas of the state are experiencing extreme hardships due to wildfires and many of our friends and family are without homes. 

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    We want to help as many people as possible both financially and materially.

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We want to help as many of you as possible through the donations of funds and items that we are currently collecting. I encourage you all to find as many ways to help as possible. You don’t have to donate money; you could help people find lodging, store possessions, house pets, or move livestock to name a few. I’ve lived in this state for 73 years and have never seen this kind of catastrophic event in my life. Reach out if you’d like to join us in helping those in need.

If you have any other questions for me, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.