In spite of all the doom and gloom reports, the picture isn't as bad as it appears for Jackson County Oregon property owners. There are 2% LESS listings in Jackson County Oregon on March 1, 2008 versus March 1, 2007. With all the talk about expanding inventories, I say this number isn't bad! Also, 4 of our cities - Talent, Jacksonville, Eagle Point and Shady Cove/Trail - saw year over year price INCREASES in existing home sales!
What is going to happen when we head in to our peak season here soon? Any bets on some more price increases and further decrease in inventory? Based on the inquiries of buyers in Southern Oregon I've been receiving, I suspect there is not only some pent up demand, but a sense of urgency coming in to play with mortgage rates having edged upward.
If you are looking for additional statistics city by city, go to http://www.jacstats.com/ for complete details.
See you at the Closing Table!
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com
Karen Cooper - OR|CA Mortgage Consultant - www.Quality4Loans.com
Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.
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I think it is true in most areas that things are not nearly as bad as the media make it out to be. I totally believe that if the media would start talking about the positives, we'd see a big change.