QuickTake:

Over the past three years, home sales have inched up at a rate of less than 5% per year, and prices have been mostly steady. Realtors attribute the trends to high interest rates and a housing stock shortage.

At the end of 2025, Lane County’s housing market looked a lot like it did the year before — and the year before that.

In 2023 in Lane County, 3,405 houses sold. In 2024 that number rose 3.6%, to 3,526. In 2025, it climbed 4.4% to 3,683.

This contrasts with the market in the years immediately following the pandemic. In Lane County — and nationally — people weary of quarantine living situations bought homes in droves. That surge in sales drove prices up sharply.

But starting in 2022, home sales slowed, and they haven’t budged much since.

And the monthly median home sale price has stayed largely steady since 2023, according to data from the Regional Multiple Listing Service, which tracks home sales by county.

Prices have been highest in September, as the school year starts, and tend to drop in January. But overall, the median sales price has increased only about 3% from 2023 to 2025.

It’s a far cry from the roughly 30% increase in Lane County’s overall home sale prices following the pandemic, from 2020 to 2022.

KayDee Hallert, a Eugene real estate agent, says the stall in housing activity is tied to affordability. Interest rates have hovered above 7% for the past three years, putting monthly mortgage payments out of reach for many people.

“The reality is there are fewer buyers right now, and that really speaks to affordability and how much it costs to get into a home,” Hallert said. “We had such a huge increase from 2020 to 2022 that it just really ended up pricing a ton of buyers out of the market.”

Across the nation, sales have decreased, a trend experts attributed to high interest rates. In 2024, the United States experienced historically low home sales. Numbers didn’t change much in 2025 either, based on November 2025 data from the National Association of Realtors.

In Lane County, the number of homes sold year over year has nudged up just slightly, which Hallert attributes to the local lack of housing supply.

​“It’s all based on what’s available for them to build in the urban growth boundary,” Hallert said. ”Eugene has very expensive fees, so does Springfield for builders to build, and so it does limit what they’re willing or wanting to do.”

Still, some real estate agents see signs of hope for 2026. And interest rates are falling: The national average is 6.14% for a 30-year fixed-rate mortgage and insiders hope rates fall below 6% soon.

Kim Arscott, former president of Eugene Realtors, saw the housing market pick up in the past month. Her clients came from all walks of life, and include families looking to buy their first home or Ducks fans looking for a nesting spot near Autzen Stadium. 

“In the last seven days, 68 houses have hit the market, so I’m hopeful for this year,” Arscott said. “Buyers can have time to educate themselves on what’s out there and watch the interest rates.”