Life & Real Estate in Eugene, Springfield & Lane County, Oregon

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Latest RMLS market data for Eugene, Springfield and Lane County, Oregon: Months of Inventory / Homes for Sale in each RMLS market area

The Portland Regional MLS recently posted the MARKET ACTION report for JUNE, 2009.

The summary of that RMLS report says the available

 MONTHS OF INVENTORY




 for Lane County dropped to 6.8 months.

The MONTHS OF INVENTORY ratio is computed by dividing the number of active listings at the end of the report month by the number of closed sales recorded during that calendar month.  For areas with no closed sales during the month, the ratio is shown as infinity.



Unmentioned in the RMLS  MARKET ACTION summary is the fact the report's aggregate numbers do not include the coastal portion of Lane County (including Florence, Dunes City, Mapleton).  The current inventory is much higher in Coastal Lane County due to a sharp decline in the number of retires coming from out-of-state.

As usual, that published county-wide number tells little about what's happening with homes for sale in any of the specific neighborhoods of Eugene, Springfield and Lane County that might be of interest to you.

Also, as is always the case, the MONTHS OF INVENTORY is much less in Eugene-Springfield than in more outlying areas.




Here is the MONTHS OF REMAINING INVENTORY and other important numbers for each RMLS market area in Lane county:

 

RMLS #
 Market Area
 Active Listings
 Closed Sales
 Months of Inventory
 Average Sale Price






241
 North Gilham
 71
 13
 5.5
 $232,800
242
 Ferry Street Bridge
 147
 32
 4.6
 $261,200
248
 Santa Clara
 122
 29
 4.2
 $236,700
247
 River Road
 36
  3 12.0
 $198,500
246
 Bethel Danebo
 171
 25
 6.8
 $168,600
243
 East Eugene
 114
 19
 6.0
 $332,700
244
 SW Eugene
 204
 29
 7.0
 $285,100
245
 West Eugene
 52
 12
 4.3
 $185,900

Eugene Totals:
 917
 162
 5.5
 $246,170






232
 Hayden Bridge
 64
 9
 7.1
 $212,200
249
 (SW) Springfield
 120
 26
 4.6
 $157,300
239
 Thurston
 130
 25
 5.2
 $223,100

Springfield Totals:
 314
 60
 5.2
 $192,950







METRO TOTALS:
 1231
 222
 5.4 months
 $231,780

Best metro area:
 Santa Clara
Worst metro area: River Road






241
 Coburg-Harrisburg
 38
 3
 12.7
 $235,800
250
 Mohawk Valley
 27
 1
 27.0
 $265,000
233
 McKenzie Valley
 100
 3
 33.3
 $303,700
234
 Pleasant Hill
-Oakridge
 129
 7
 18.4
 $222,200
235
 Creswell-
Cottage Grove
 250
 22
 11.4
 $210,700
236
 West Lane
 115
 21
 5.5
 $225,100
237
 Junction City
 108
 14
 7.7
 $192,000







SUBURBAN TOTALS:
 767
 71
 10.8 months
 $218,170

Best outlying area:
 West Lane
Worst outlying area:
 McKenzie Valley






225
 Flor Coast Village
 19
 0
 ∞ NA
226
 Flor Green Trees
 37
 2
 18.5
 $100,000
227
 Florence Florentine
 29
 0
 ∞ NA
228
 Florence Town
 169
 10
 16.9
 $205,100
229
 Florence Beach
 58
 3
 19.3
 $201,800
230
 Florence North
 56
 0
 ∞ NA
231
 Florence South - Dunes City
60
 3
 20.0
 $199,000
238
 Florence East - Mapleton
 31
 0
 ∞ NA







COASTAL TOTALS:
 459
 18
 25.5 months
 $191,900

Best coastal area:
 Florence Town
Worst coastal area:
 A four-way tie

 

 

3 comments • Jim Hale - On the MOVE for You! Eugene - Springfield Oregon Real Estate • July 18 2009 03:56PM