When comparing market activity in the Greater Lane County area in May 2010 with the same month last year, closed sales rose 29.6%. Pending sales and new listings both decreased 20% and 0.4%, respectively. When comparing May 2010 with April 2010, closed sales went up 3.2% (320 v. 310). Pending sales fell 45.4% (256 v. 469) and new listings also dropped 24.2% (524 v. 691).

At the month’s rate of sales, the 2,312 active residential properties would last 7.2 months.

SALE PRICES

Sale prices increased in Lane County during May 2010. The average sale price for May 2010 increased 2.1% compared to May 2009. The median sale price also went up 2.3%. See residential highlights table below.

Month-to-month, when comparing May 2010 to the month prior, April 2010, the average sale price and median sale price both showed increases. The average sale price went up 4.5% ($228,800 v. $218,900) and the median sale price grew a slight 1.8% ($203,500 v. $199,900).

Be sure to check out some of Lane County's best deals on homes!