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.
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