Southern Oregon Market Stats
April 1, 2020 to June 30, 2020
By Jake Rockwell
Now that we've seen the true effects of COVID-19 and are finally starting to see things reopen, we can accurately dive into the numbers of this last few months in regards to the real estate market specifically here in Southern Oregon. In the last 60 days Jackson County alone has seen a sales volume of $303.5 Million with the Median Existing Homes sales price jumping to $306,000. Which shows us that home prices have yet to decrease as many people had expected. In fact, with some people choosing to wait to list their homes this lead to less homes on the market and more competition. This allowed many seller to hold their prices or even go up just slightly given the market share.
Key Takeaways:
- Northwest Medford is up 27.6% from this time last year and up 76.6% over the last 5 years
- Northeast Grants Pass experienced an 8.6% increase and a 50.1% over the past 5 years while the days on market average have decreased from 41 to 33 in the last year
- Overall the largest change that is easily noticed is Days on Market continuing to decrease
Links to Stats:
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