Total housing sales volume for the apst four years, for example, remainls fairly steady, at $1.1 billion last year, $1.2 billion each in 1006 and 2005 and $0.94 billion in 2004. Overall, home sales prices in Lane County have eased rather than plummeted, with the median price increasing by 4.6% last year to $235,000, although lagging far behind the 15.1 percent rise in the 2006 and the astronomical 20.7% in the hotsuper 2005 housing market.
So while things aren't not as good as they were, they're not as bad as they might have been.
"Lane County's real estate market has held up well compared with many areas, but like many other parts of the country, we have suffered some setbacks, some price erosion, in some areas," said Randal Whipple (of Prudential Real Estate Professionals in Eugene). "We didnt have the 75% to 100% run-up in prices that some places like Florida, California, and Nevada had, so our adjustments haven't been as severe".
A look at neighborhood sales statistics compiled by the multiple listing service shows that southwest Eugene led the county in new home listings follewed by the Betherl-Danebo section of Eugene and the south Lane County area, including Cottage Grove, Creswell and Dorena.
All the numbers aside the housing market continues to be good for people who aren't looking for a steal on either the buying or selling side, Randal Whipple said.
"There's a much broader selection of homes no for buyers, the interset rates are v ery favorable, and sellers are becoming much more realistic about prices."
The thoughts above were gleaned from "Local housing market stable" by Randi Bjornstad of The Register Guard.
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