Eugene, OR

Eugene is a city located in the state of Oregon. It is the second most populous city in the state after Portland and has a population of over 165,000 people. Eugene was founded in 1851 and became a city in 1887. The economy of Eugene is based largely on education, health care, government, and technology. Real estate plays an important role in the economy of Eugene as it does in many other cities around the country.

The real estate market in Eugene is very competitive with prices for homes ranging from $200,000 to over $1 million. The average home price in Eugene was $269,900 as of September 2016 according to Zillow.com. There are a number of factors that contribute to this high level of competition including limited inventory and strong demand from buyers who want to live close to amenities such as shopping, dining, and entertainment venues.

One reason why real estate prices are so high in Eugene is because there are a limited number of homes available for sale compared to other cities around the country. In fact, according to Trulia’s 2017 Home Listing Report, there were only 2% more homes for sale than there were one year earlier but prices increased by 8%. This lack of inventory has led some buyers who would have been able to purchase a home elsewhere to instead choose Eugene due to its high quality of life and affordable cost structure.

Another factor that contributes to high real estate prices in Eugene is the fact that the city has a strong economy based largely on education, health care, government services, and technology industries. These industries create jobs that require people who live near their workplaces which drives up demand for housing near these businesses. Additionally, many people who live in Eugene commute into Portland which adds another layer of demand for housing close by transportation hubs such as freeways and railroads