Below are some of the recent statistics posted by the Southern Oregon Multiple Listing Service (Ashland & Medford Oregon area). These statistics compare July 2008 to July 2009:

The Months Supply of Inventory in all areas have gone down. Overall Jackson County's supply has gone down from over 14 months supply to 8 months supply. The number os homes for sale in Ashland has gone down from over 18 months to about 10 months supply. The number of homes for sale in East Medford has gone from 14.5 months to 8 months, and West Medford from 9 to 5 months. Good news for sellers.

Pending home sales in Ashland have gone up from 23 to 28 in this time period, East Medford declined from 47 to 46, West Medford increase from 27 to 52!!, and the county overall saw an increase from 155 to 201 sales which is approx. a 30% increase in the number of sales.