The "State of the Market" Update

The Market Takes a Breath: What the November 2025 Numbers Mean for Lane County

For the past few years, the word "frenzied" has been the default setting for Lane County real estate. We have seen bidding wars, waived inspections, and buyers making life-changing decisions in a matter of hours. However, the latest data from November 2025 signals a welcome shift toward stability.

Whether you are looking to buy your forever home in Eugene or considering selling an investment property in Springfield, the market is finding a new, healthier rhythm as we head into winter. Here is a deep dive into the numbers and what they mean for your wallet.

Inventory Levels Offer Relief to Buyers

The most significant indicator of market health this month is inventory. In November, Lane County’s housing inventory rose to 3.2 months. To put this in perspective, earlier in 2025, we were seeing levels hovering below 2 months—a scenario that created immense pressure on buyers. Even compared to November 2024, when inventory was at 2.9 months, we are seeing a steady increase in availability.

What does 3.2 months of inventory mean? Real estate economists generally consider 4–6 months of inventory to be a "balanced market." While we are still technically in "Seller's Market" territory, we are inching closer to balance. For buyers, this translates to:

• More Choices: You are no longer forced to bid on the first house you see that fits 70% of your criteria. You can afford to be pickier.
• Less Competition: With 825 active listings currently on the market, the likelihood of facing a 10-offer bidding war on a standard home has decreased significantly.
• Negotiation Power: A more balanced market allows for meaningful inspections and repair negotiations—luxuries that were nonexistent a year ago.

If you have been waiting on the sidelines for more options, we encourage you to browse active listings in Eugene. You might be surprised by the variety available in your price range right now.

Home Prices Remain Resilient

Despite the seasonal cooling and increased inventory, home values in Lane County are holding remarkably strong. The median sale price for November 2025 settled at $440,000.

It is important to look at the year-over-year data to get the true picture of appreciation. Comparing November 2025 to November 2024, the median sale price is actually up 3.5%. This confirms that while the market is slowing down in terms of speed, it is not crashing in terms of value. Lane County real estate remains a solid, appreciating asset.

However, sellers should note that the average sale price dipped slightly (-0.7%) from October to November. This month-over-month dip is typical for the holiday season, but it serves as a reminder that pricing strategy is critical. Overpricing in a cooling market is the fastest way to let a listing go stale.

Curious about your home's current standing in this shifting landscape? You can get a custom home valuation to see how these county-wide trends apply to your specific neighborhood.

The "Days on Market" Reality Check

Patience is the new virtue. The Total Market Time—the average time it takes for a home to go from "Listed" to "Pending"—has increased to 66 days. This is up by roughly a week compared to October.

For sellers, this means you shouldn't panic if you don't receive an offer in the first weekend. A market time of two months is normal for this time of year. For buyers, this slower pace provides a crucial advantage: time. You have the breathing room to view a home a second time, consult with contractors about potential renovations, and estimate your monthly payment carefully before committing.

Looking Ahead to 2026

As we close out 2025, we are looking at a market that is more predictable than it has been in years. The "panic buying" era is fading, replaced by a more thoughtful, data-driven environment.

Whether you are a first-time buyer calculating affordability or a seasoned investor looking for the next opportunity, the data suggests a window of opportunity is open. Don't navigate this changing market alone. Connect with a local expert at Hybrid Real Estate today to build a strategy that works for you.