Southern Oregon Market Stats
Dec. 1, 2019- Feb. 1st, 2020
By Jake Rockwell
One things for sure... the Southern Oregon City of Talent is booming! With an annual increase of 233% there seems to be a lot of new interest in this area. Which is not surprising due to its central location between Medford and Ashland and just minute to the I-5, combined with affordability this area seems to be becoming more and more desirable. However, the average days on market reflects a longer sales time on market going from 15 days to 146 in the City Phoenix.
Yet, looking aside from percentages, East Medford is still climbing in sales, while the percentages are at a nearly 70% increase the totals are almost doubles. from 52 to 88 pending sales in the last year. But it seems that if your in Southwest Medford and looking to sell, this might be the best area for getting the prices you're asking for with a 10.7% growth in selling vs asking prices up to 99.8% of the asking prices.
While these variables are true for Jackson County, Josephine county has also experienced some growth but in different areas. The average Days on Market in nearly all of Grants Pass has dropped meaning homes are selling faster than they were a year ago with every area of Grants Pass showing a small increase in the list price vs selling price keeping a generalized rate of nearly 97%.
In short, 2020 has started strong for both the market and the Rockwell Group! With large greater market shifts and decreased interest rates home buying is getting easier by the day. Give us a call if you have questions.
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