The housing market in Eugene continues to see strong price appreciation, with values up 43.7% compared to last year. Home prices have increased 16.7% in the past month alone. With 4.8 months of supply, Eugene's inventory levels remain relatively tight. Properties are selling within just 17 days on average, much faster than the historical norm of 60 days. A significant 29.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Eugene market with the affordability index at 18.9. Based on current market indicators, home prices in Eugene are projected to increase by approximately 7.2% over the next month.