Eugene, OR - Local Housing Data - Summary

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Eugene, Springfield, OR

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Eugene, OR Local News

Latest Figures Show New Home Sales and Prices Decrease in Eugene

Posted on: Sep 11, 2014 07:10:17 AM

In the Eugene, OR market, new home closings sank year-over-year in June, but the decline was less than the year-over-year decline in May. New home closings moved from 4 a year earlier to 2 after the figure moved from 8 in May 2013 to 1 in May 2014.

2 of the 475 total closings were new home closings, a shift on a percentage basis from 4 out of 465 a year earlier. After dropping in May from a year earlier, closings of new and existing homes grew year-over-year in June.

Pricing and Mortgage Trends

The average new home price was $287,445, down from $316,225 a year earlier. This came after a 12.6% boost in May year-over-year.

The average mortgage size moved to $213,740, down from last year's $269,665. Average mortgage size on new homes went from $242,992 in May 2013 to $259,920 in May 2014.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in June 2014.

 
 
 

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