Southern Oregon Market Stats
March 1, 2020 to May 31, 2020
By Jake Rockwell
Prices have largely stayed the same, while many people we're hoping that the COVID-19 crisis would aid in home pricing falling a bit and impacting affordability, lots of demand lead to the home prices actually rising a bit especially when compared from this time last year. As we recover from COVID-19 and we enter into Phase 2 of re-opening we can expect the number of transactions will most likely increase in the next couple months as anyone that was hesitant to jump into the market is making up for any lost time. We have seen our website searches reflect the market shift from the impact of COVID-19 as people are looking to moving from larger cities to smaller places have dramatically increased.
Key Takeaways
- Homes that are on the market are spending less time before going into contract, this is shown by the DOM or Days on Market, number dropping.
- All of Jackson County pricing is up 6% from this time last year.
- All of Josephine County pricing is up 7% from this time last year.
- Specific neighborhoods have experienced a dramatic pricing increase such as NE Grant Pass up 20% from this time last year.
Links to Stats:
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