Southern Oregon Market Stats
Sept. 1st - Nov. 30th, 2020
By Jake Rockwell
The market is getting hotter by the day. Homes are moving faster and for more money. We are curious to see how the market will react to this winter, will we see a typical slow down or none at all like last December? Last winter was our busiest winter on record for the Rockwell Group and the way the market is, it doesn't show any signs of slowing. Our projections show staying as busy or busier and on pace to beat last years record setting numbers for the Rockwell Team. With new changes in lending coming down the pike, we are looking at for the first time it becoming more beneficial for people to sell their existing homes rather than just refinance, as many types of loans are only allowing for 90% equity withdrawal.
- Areas that typically don't feel much change in the county like Ashland and Jacksonville are showing great numbers of change. Jacksonville dropped in average days on market from 326 in 2019 to 153 in 2020.
- Ashland's average days on market went from 253 in 2019 down to just 89 in 2020.
- Jackson County totals for inventory went from 783 active in November 2019 to 287 in November 2020.
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