Good news for buyers in this current real estate market.  The avenage selling price for properties in Lane County continue to fall at the rate of 8.8% for the month of July 2009 as compared to July of 2008.  The average selling price for July 2009 was $237,700 versus $269,700 for the same month in 2008.  Likewise the median selling price dropped from $224,000 to $215,000.  The median selling price is determined by the exact middle of all the sales, meaning there were an equal amount of sales above that price as below.

This is a perfect time for buyers to take adantage of this market with relatively lower prices and interest rate that continue to be at historic lows.