August numbers are in, and we’re seeing a softening in the Lane County real estate market. According to the very experienced Principal Brokers (thank you Elliott Wood) at Windermere, a market shift typically starts in bedroom communities such as Veneta, Creswell, and Cottage Grove.
Let’s take Creswell, for example:
As you can see, we are moving into a seasonable slow period but the year-over-year numbers suggestion that we may see a softening in the months ahead.
Note that this is not true for ALL bedroom communities of Eugene/Springfield.
Here is the same chart for Junction City. The year-over-year picture is different. A more seller-friendly market as you can see from theĀ positive year-over-year growth in sold and pended:
If you are interested in learning more about these markets, or the Eugene/Springfield market in general, contact us today or bookmark this blog to stay on top of the latest real estate trends.
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