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 

 

 
This post has been included in Oregon Information Jackson County, OR Information
Post is included in group: It's A Buyer's Market

2 Comments on Jackson County Market Report Not Bad for March 1, 2008

Hello Karen,
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.

03/10/2008 07:48 AM by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc)

Hello Cynthia - Thanks for stopping by and commenting. I agree, it is time for the media to change their focus. As far as the mortgage side goes, many of us knew years ago this day was coming, that unsustainable homeownership was being setup with the loan programs buyers were choosing and incomes did not support the prices. Pretty basic stuff. So some areas who went hogwild with those artificial methods are paying the piper today, and affecting many areas surrounding them. But not ALL area buyers made those choices. Found a good, realistic article along this line this morning, with some POSITIVE influence: http://www.marketwatch.com/news/story/home-prices-dropping-should-first-time/story.aspx?guid=%7BDA303BC2%2DE7D4%2D45AA%2DA952%2D4BD2478CD868%7D

03/10/2008 09:15 AM by Karen Cooper - Quality Home Loans, Inc.

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Mortgage Company: Karen Cooper - Quality Home Loans, Inc.
Karen Cooper - Mortgage Consultant OR/CA
Ashland, OR
More about me…
Karen Cooper - Quality Home Loans, Inc.

Office Phone: (541) 608-6003
Cell Phone: (541) 601-4303
Email Me
25 years experience providing Quality Home Loans to Southern Oregon and California| Assisting First Time Home Buyers in need of Down Payment Assistance in Oregon| Specializing in Oregon Bond Loan| Oregon VA Loans| Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville and Northern California communities in Siskiyou County| Helping Southern Oregonians and Californians on the road to fulfilling the American Dream of Homeownership

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