Nov.1, 2019 to Jan. 31 2020

By Jake Rockwell

Southern Oregon real estate market showed some strong signs with the average selling price as compared to the asking price going up, from 94.4% to 95.3% in 2020. This means more sellers are getting more money for their home sales. 

There is a struggle with inventory however, the number of available properties is considerably down compared to last year during the same period. While the affordability index has increased, meaning more people can afford to buy, the inventory for those homes has dropped. This could mean its a terrific time to sell. However, be prepared to wait a little longer to sell as the average days on market in Josephine County rose 21.4% going from 70 to 85 days. 

Key Takeaways:

  • Homes sales prices specifically in Central Point are up 17.3% as compared to Jan 2019. 
  • Southwest Medford homes per buyer has dropped 62.3% from Jan 2019 to Jan 2020. 
  • Josephine county number of homes listed has decreased by -12.3%, making inventory even lower than a year ago. 

Links to Stats:

 

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