A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Union County, Oregon December 2021 Reporting Period Residential Highlights Year-To-Date Summary New listings (21) increased 10.5% from the 19 listed in December 2020, and decreased 22.2% from the 27 listed in November 2021. Comparing the twelve months of 2021 to the same period in 2020, new listings (398) increased 15.4%, pending sales (339) increased 6.9%, and closed sales (314) decreased 1.9%. Pending sales (22) increased 22.2% from the 18 offers accepted in December 2020, and decreased Average and Median Sale Prices ŗŞǯśƖȱȱȱŘŝȱěȱȱȱ Comparing 2021 to 2020 through November 2021. December, the average sale price Closed sales (31) decreased 11.4% has increased 27.1% from $248,800 from the 35 closings in December to $316,300. In the same comparison, 2020, and increased 34.8% from the 23 the median sale price has increased 20.3% from $212,000 to $255,000. closings in November 2021. 2021 Union County Residential Highlights New Listings 2020 Closed Sales Average Sale Price Median Sale Price Total Market Time December 21 22 31 280,800 225,000 54 November 27 27 23 300,900 294,000 31 398 339 314 316,300 255,000 35 19 18 35 253,200 215,000 71 Year-To-Date Change Pending Sales December Year-To-Date 345 317 320 248,800 212,000 85 December 10.5% 22.2% 11.4% 10.9% 4.7% 23.4% Prev Mo 2021 22.2% 18.5% 34.8% 6.7% 23.5% 75.4% Year-To-Date 15.4% 6.9% 1.9% 27.1% 20.3% 59.0% Active Residential Listings Inventory in Months* 2019 2020 2021 January 7.1 2.9 1.5 February 4.4 2.9 1.8 March 6.1 3.3 0.9 April 4.8 2.9 1.8 May 3.8 2.6 1.1 June 3.2 1.5 1.7 July 3.3 1.7 0.9 August 3 1.5 1.3 September 3.2 1.5 1.7 October 3.7 0.8 1.1 November 3.8 1.1 1.3 December 2.2 0.8 0.9 *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +27.2% ($315,000 v. $247,700) Median Sale Price % Change: +21.4% ($255,000 v. $210,000) For further explanation of this measure, see the second footnote on page 2. ACTIVE RESIDENTIAL LISTINGS 110 100 90 80 UNION COUNTY, OR 70 This graph shows the active 60 50 residential listings over the 40 past three calendar years in 30 20 2019 2020 2021 JAN 71 53 24 FEB 71 61 25 MAR 73 62 23 APR 91 57 27 MAY 105 54 31 JUN 102 47 35 JUL 102 50 28 AUG 103 45 45 SEP 95 42 50 OCT 89 28 41 NOV 76 31 31 DEC 64 29 28 Union County, Oregon. © Copyright RMLS 2022. All Rights Reserved. 10 // Eastern Oregon Real Estate & Homebuilders Guide • eastoregonrealestate.com // FEBRUARY/MARCH 2022