We are still in the middle of winter, but never fear Spring is near! Grab a hot beverage and curl up to read this month's Real Estate Zen Letter!
Here's what's happening in our market now. In Lane county our average sale price has increased 7.5% since January 2014 (median percent change has increased 6.6%) Folks, this is huge. In general we see home prices increase by about 3% every year, 5% is considered really good but 7%!? This is terrific for people who are wondering if now is a good time to sell...YES!! Pending sales have increased almost 20% from December. With 330 accepted offers that's the best January since 2007. Closed sales increased 20% from this time last year but are down a little from December. Good news for you buyers, new listings have increased 99%! We had only 211 new listings in December and January saw 420 new listings. Our inventory is still low over all but we are seeing more new homes coming onto the market. Our average market time is steady at 84 days.
Let me know if you would like to know what the market looks like in a different county or if you would like to know what is happening is a specific part of Lane county, such as River Road, South Eugene or Springfield.
Speaking of love, let's take a moment to talk about the love organ. The heart. Heart health is so important to overall health. I wanted to share with you this short article on a few activities that you can do to improve your heart health or keep it healthy. Don't be discouraged just 20 minutes of activity makes a huge difference. What are your favorite ways to keep your heart pumping strong?
I hope you all have enjoyed this month's Zen letter. That's all for now! Have a great rest of your month!