In accordance to data offered by RMLS in Oregon closed sales in Lane County ended up down 20.5% this September in comparison to September of 2009. New listings dropped 13.1% and even worse, pending sales dropped 31.7%. At the pace of September’s sales rate Lane County could have 10.4 months of supply. That might seem like dreary news, until you think about the 14.1 months of inventory we had in the marketplace in January 2010. While sales are down, pendings are down, and yes new listings are down too there is some similarities. The average days on market for properties listed (The list day until the date the property went pending) stayed the same; at 119 days on market. The time of the 3 month listings are now gone. All you home sellers out there please take note… The typical house available on the market in Lane County is going to take 4 months to get an offer! Which is average. The more expensive priced you are in comparison with the competition the less “average” you might be.
