Southern Oregon Market Stats
July 1st- Sept. 30, 2022
By Jake Rockwell
Looking at the number, looks like people are really buying new builds. With Existing Urban Home sales going down just slightly from 829 to 627 and New Urban Homes sales having gone up from 78 to 91. Albeit a small amount but enough to notice as a growing trend, another is of course the inventory growing, up by nearly 40%. This is great for Southern Oregon, as the wave of people continue to come in from other areas, the infrastructure needs to sustain such growth and adding more inventory will help with the strain for people to find accommodating housing.
The absorption rate is becoming more sustainable as the days on market grows in congruence with inventory and the pricing comes down, most of which adjusting due to hikes in interest rates.
Links to Stats:
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