How scorching is the actual property market in Lane County? Residence costs rose yr over yr

The median gross sales value for a single-family dwelling in Lane County throughout October was $410,000. That is a rise of 13.9% in contrast with October 2020, in response to a USA TODAY Community localized evaluation generated with knowledge from Realtor.com.

The variety of homes offered fell by 23.1% from a yr earlier. A complete of 429 homes had been offered countywide throughout the month of October. Throughout the identical interval a yr earlier, 558 single-family properties had been offered.

Market report: Lane County actual property gross sales, stock, hotness

Actual property gross sales can take weeks or months to be recorded and picked up. That is the newest knowledge made obtainable by Realtor.com to the USA TODAY Community.

Condominiums and townhomes offered in October had a median gross sales value of $280,000. That determine represents a 40% improve year-over-year. In Lane County, 19 had been offered, down 34.5% from a yr earlier.

How scorching is Lane County’s actual property market in Oregon?

Data in your native housing markets is obtainable by the USA TODAY Community, with extra knowledge from Realtor.com.

The highest 10% of the properties offered had costs of at the very least $685,000, up 15.1% from a yr earlier than.

In October, 15 properties offered for $1 million or extra: 13 single-family properties and two different properties.

The median dwelling sale value — the halfway level of all the homes or items offered over a time period — is used on this report as an alternative of the common dwelling sale value as a result of specialists say the median provides a extra correct view of what is occurring in a market. Find the common value, all costs of properties offered are added after which divided by the variety of properties offered. This measure may be skewed by one low or excessive value.

The USA TODAY Community is publishing localized variations of this story on its information websites throughout the nation, generated with knowledge from Realtor.com. The story was written by Sean Lahman.

This text initially appeared on Register-Guard: Lane County’s common dwelling offered for a better value yr over yr

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