According to L. Yun, NAR's chief economist, "summer is not the only thing that has ended. The world-wide economic recession is also essentially over. Led by countries such as Brazil, India, and, in particular, China, the economies of the world are digging themselves out of that recessionary ditch."
The most important factor for those of you trying to "figure out" the real estate market locally in the Ashland and Medford area this means the number of home sales is going up (at least more than last year), inventory has slowly, but surely gone down in the last year, and home prices don't seem to be going down (at least not under $350k). In fact, in the bottom end of the price range, I have seen price wars and an increase in the property prices. Good news for those buyers who were not afraid to buy about 8 months ago.
Thursday, September 17, 2009
Tuesday, September 8, 2009
Ashland and Medford Home & Real Estates Sales Information
The Southern Oregon Multiple Listing service just released their July 1 to August 31 2009 statistics. Below are some of the highlights
Comparing the July 1 to Aug 31 2008 to the same time period in 2009, Overall the number of sales increased from 405 to 514 in Jackson County. In Ashland the number decreased from 69 to 65 sales, and in East Medford the number of sales increased from 122 to 138. West, SW, and NW Medford had an increase in the number of home sales from 67 to 125 sales.
The median sales price for Jackson County went from $255k to $185k, due mostly to the number of bank owned property sales under $100K. Inventory is down countywide from 2684to 2284 or 14%.
For more information go to the JacStats button on our website at www.ashlandprowest.com
Comparing the July 1 to Aug 31 2008 to the same time period in 2009, Overall the number of sales increased from 405 to 514 in Jackson County. In Ashland the number decreased from 69 to 65 sales, and in East Medford the number of sales increased from 122 to 138. West, SW, and NW Medford had an increase in the number of home sales from 67 to 125 sales.
The median sales price for Jackson County went from $255k to $185k, due mostly to the number of bank owned property sales under $100K. Inventory is down countywide from 2684to 2284 or 14%.
For more information go to the JacStats button on our website at www.ashlandprowest.com
Tuesday, September 1, 2009
Ashland and Medford Homes and Real Estate Sales Statistics
Below are some of the recent statistics posted by the Southern Oregon Multiple Listing Service (Ashland & Medford Oregon area). These statistics compare July 2008 to July 2009:
The Months Supply of Inventory in all areas have gone down. Overall Jackson County's supply has gone down from over 14 months supply to 8 months supply. The number os homes for sale in Ashland has gone down from over 18 months to about 10 months supply. The number of homes for sale in East Medford has gone from 14.5 months to 8 months, and West Medford from 9 to 5 months. Good news for sellers.
Pending home sales in Ashland have gone up from 23 to 28 in this time period, East Medford declined from 47 to 46, West Medford increase from 27 to 52!!, and the county overall saw an increase from 155 to 201 sales which is approx. a 30% increase in the number of sales.
The Months Supply of Inventory in all areas have gone down. Overall Jackson County's supply has gone down from over 14 months supply to 8 months supply. The number os homes for sale in Ashland has gone down from over 18 months to about 10 months supply. The number of homes for sale in East Medford has gone from 14.5 months to 8 months, and West Medford from 9 to 5 months. Good news for sellers.
Pending home sales in Ashland have gone up from 23 to 28 in this time period, East Medford declined from 47 to 46, West Medford increase from 27 to 52!!, and the county overall saw an increase from 155 to 201 sales which is approx. a 30% increase in the number of sales.
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