CURRENT RESIDENTIAL MARKET HIGHLIGHTS FOR BROOKINGS OREGON

RESIDENTIAL MARKET HIGHLIGHTS

  Residential Review:  Curry County Oregon                                   February 2007 Reporting Period

February Residential Highlights

Closed sales increased 35.7% when comparing February 2007 to February 2006. Further, accepted offers increased 18.2% and new listings grew 3.1%.

Year-to-Date Trends

Comparing January-February 2007 to January-February 2006, closed sales were up 2.9%. Further, pending sales increased 13.5% and the number of new listings grew 25.7%. See table above.

Appreciation

Comparing the 12 months ending with February 2007 to the 12 immediately prior, average sale price fell 8% ($307,900 v. $334,600). Using the same formula we can see that the median sale price also decreased 8.4% ($274,900 v. $300,000).