Lane County housing market hits uncharted territory as low supply pushes prices to all-time highs – The Register

After searching the super-spendy Seattle and Portland markets for a home in which to raise their two children, East Coast transplants Tessa and Orion Matthews this month settled instead on a house in the south Eugene hills, after Orion sold his interest in several software development companies in New York and Washington, D.C.

Around the same time, University of Oregon employee Rebecca Flynn’s offer was accepted on a three-bedroom house south of the University of Oregon.

The path to purchase for Flynn and the Matthewses was rough.

With average sale prices for Lane County single-family homes up more than 20 percent in the past year-and-a-half, and housing inventory at its lowest in more than a decade, they faced higher prices, fiercer competition and a hotter market than they expected. The Matthewses — who are in their 30s, were looking for a house in the

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