Smith & Olofson Realty Group

05/19/2025

📈 April 2025 Market Update – Lane County
The spring market is here! 🌸🌟
New listings jumped to 556, up 22% from last April and a strong 35% increase from March. More inventory = more opportunities for buyers heading into summer.
📝 Pending sales came in at 372—slightly below last year and last month, but activity is still solid. I think we will see a bigger jump of May pendings and May closes!
🔐 Closed sales rose to 295, up 5% from April 2024 and 17% from March. That momentum is picking up as earlier deals make it across the finish line.
🏡 Inventory ticked up to 2.9 months, while market time dropped to just 54 days on average. Things are moving faster—sellers, take note!
💰 Prices are holding steady:
• Average sale price: $470,800 (+1.0% YoY)
• Median sale price: $434,500 (+0.7% YoY)

*Big picture? There’s real momentum in housing right now:
✅ Mortgage applications are up 18% from this time last year
✅ First-time buyers are jumping in—FHA, VA & USDA loans up 40%
✅ Sellers are showing flexibility—44% of homes sold with concessions, near record levels
📉 Thursday’s wholesale inflation data (PPI) came in lower than expected, and consumer sentiment is near record lows—fueling hope for a future rate cut. That said, the Fed is expected to hold steady at the next meeting.
📈 Meanwhile, the S&P 500 just hit a 9-day win streak—the longest in 21 years. Your 401k may be smiling 😄
📉 National mortgage rates this weekend
15-yr Conventional: 6.26%
30-yr Conventional: 6.92%
30-yr FHA: 6.35%
30-yr Jumbo: 7.05%

*Thanks to Ladelle White for this great info.

🏡The spring market is looking good!
If you’re wondering how to navigate it all, let’s talk—we're here to help you move smart in this shifting market.

12/21/2024

https://wendrikaolofson.hybridrealestate.org/property/65-24398488-86435-n-modesto-dr-eugene-OR-97402

✨ JUST LISTED! ✨
86435 N Modesto Dr
Eugene, Or 97402
3 | 1.5 | 1484 sq ft | 1.26 acres
$510,000
🏡 Peaceful Country Living Just Minutes from Town
Tucked away in a quiet country ‘ neighborhood’ this charming small-acreage property offers rolling hill views, easy access to town, and a mundane light. Perfect for outdoor enthusiasts and animal lovers, it features:
✨ Detached garage with a converted stall and pasture space
✨ Two wells for household and livestock needs
✨ Durable LVP flooring, three mini-split units, and two cozy fireplaces
Enjoy the south-facing covered patio, space for gardening, and all appliances included—plus, a home warranty for peace of mind. Your rural retreat awaits! 🌲🌳🐎🌿

This peaceful small-acreage property, located down a quie...

11/12/2024

We're solidly in the middle of autumn, looking back on market data for October and racing through November, collecting information and watching how the election outcomes will affect the housing market in the coming months and year.

🍂 October brought a steady flow of activity, though we saw some slowing of activity leading up to the election. Here’s a quick look at the past month:

🏡 New Listings and Pending Sales
October saw an increase in new listings (up 7.5% from last year, reaching 400) and a healthy 12% increase in pending sales compared to October 2023. While activity cooled slightly from September, buyer interest remains steady.

🔑 Closed Sales
Closed sales in October were up 4.5% from last year and slightly above September. Though homes are spending more time on the market, people are still moving forward with sales, showing there’s confidence among buyers and sellers alike.

📊 Market Time & Inventory Changes
Inventory dipped a bit to 3.0 months, but market time has grown to an average of 54 days. For buyers, this means there’s a bit more selection and less competition than we see in hotter months. For sellers, it’s a good reminder that pricing strategically and preparing for a longer sale timeline can make a difference.

📆 Year-to-Date Activity
So far in 2024, new listings, pending sales, and closed sales have all ticked up slightly over last year, suggesting a more balanced market overall.

⚖️ Prices Stay Steady
Compared to this time last year, the median sale price has risen only a modest 0.7% to $440,000, while the average sale price increased by 0.1%. This pricing stability signals that the market is still stabilizing and continuing, what we hope is, a slow trend towards balance. Time will tell. 🔮

Want to chat about the markets, the elections, interest rates or have your own insights to share? Hit us up, we are nerdy about housing and are always up for a chat. 💻📱☎️

10/19/2024

🏠Open house tomorrow!🏠
824 Martin St Eugene, OR 97405
$575,000 3 bd | 2 / 0 ba | 1310 sq ft
Brand new to the market -- come on by!

Listed by: Heather Tipler
Hosted by: Me!

08/19/2024

🎉Your support and confidence in us mean the world, and we look forward to continuing to serve you with dedication and passion. 🎉

03/29/2024

✨Listed at $679,000✨Check out my newest listing at 2669 Terrace View. You’re going to want to tour this one in person to appriciate the peaceful setting, fantastic layout and city views! Message me for more details and to set up a showing.

01/30/2024

My thoughts exactly:

“My advice to serious house hunters: Trying to time the market around mortgage rates is probably a waste of energy, as affordability is unlikely to change meaningfully in the next several months,” said Redfin Chief Economist Daryl Fairweather.

“Instead, buyers should consider their own personal and financial circumstances: What matters most is whether the home meets your needs long term and whether you can afford it. Timing the market mattered in 2021, when we were in a golden window of record-low rates— but that window is closed.”

Redfin reports buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October …...