Eugene-Springfield Home Sales Decline Beyond Seasonal Trends
1 report, 1 independent
Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Local real estate information shows that home sales in the Eugene-Springfield area decreased beyond normal seasonal slowing in the past two months. In September, year-over-year pending and completed home sales were down 21.2% and 9.7%, respectively. For October, pending sales dropped 22% and completed sales fell 23.1% according to the Regional Multiple Listing Service.
From klcc.org
Why it matters
The decline in sales occurred despite a lack of inventory, which may allow prices to remain stable. Median sale prices were up 0.6% in September but dropped 2.0% in October. The market currently has 3.8 months of inventory, approaching the 5-6 months considered a balanced market.
From klcc.org
Who's involved
- National Association of RealtorsAmerican real estate agent organization
- Lawrence YunEconomist who serves as Chief Economist for the National Association of Realtors
- JohnBishop of Connor who previously served as chief lobbyist for the National Association of Realtors
- FactSetFinancial data company that provides market expectation benchmarks used by the National Association of Realtors
- California Department of JusticeStatewide investigative law enforcement agency that previously investigated the National Association of Realtors
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The entities involved
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National Association of Realtors
American real estate agent organization based in Chicago