Oct. 20, 2025
A Market at a Crossroads: Where Eugene-Springfield Real Estate Stands Now
Housing demand in the Eugene and Springfield market area has slowly picked up — but only if you’re in the right price range. Homes priced between $350,000 and $600,000 have seen increased buyer interest and a slight uptick in sales compared to last year. The $600,000 to $750,000 range has remained relatively flat, showing little change.
From $750,000 and up, particularly above $950,000, the market has become quite challenging, with a larger-than-normal inventory of homes for sale. Many of these higher-end properties have been sitting on the market with limited interest, few sales, and multiple price reductions.
Mortgage interest rates have remained flat, but we could begin to see some softening in the first quarter of 2026 if Federal Reserve rate reductions become a reality. In the price ranges where demand is strong, inventory levels have declined; as prices increase, so does the available inventory.
One thing to remember is that housing markets typically decline much faster than they recover. We’re at a pivotal point right now — the market could begin the long road upward, remain flat, or decline again. If history repeats itself, look for a trend of improving home sales beginning next year.
