The housing market in Eugene continues to see strong price appreciation, with values up 31.7% compared to last year. Home prices have increased 67.8% in the past month alone. With 2.3 months of supply, Eugene's inventory levels remain relatively tight. Homes are now taking an average of 135 days to sell, significantly longer than the 13 days typical for this market. A significant 57.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Eugene market with the affordability index at 20.4. Based on current market indicators, home prices in Eugene are projected to decrease by approximately 21.5% over the next month.
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