According to an article in RIS Mediahousing affordability continues to be near highest level in 18 Years. RIS media says "The HOI showed that 72.3% of all new and existing homes sold in the second quarter of 2009 were affordable to families earning the national median income of $64,000, down only slightly from the record-high 72.5% during the previous quarter and up from 55.0% during the second quarter of 2008."

Most experts equate the affordability to be related to low interest rates and the first time home buyer's credit of $8000. I personally believe all of this is true based on my experience as an agent in Ashland and Medford area. In some cases, I am seeing home prices at their 2001 or 2002 price level.

Although inventory has come down in the last year, there are still many choices for buyer.  You can log unto my webpage at www.ashlandprowest.com and use the new easy property search to look for you home.

Also on our website is a link to JackStats which provides local home sales statistics.