Real Estate Inventory in Ashland Medford area is Down ...way Down

Real Estate Agent with RE/MAX Platinum Medford 941000194

Current stats released from the RVAR/SOMLS show that the number of homes on the market is under 1200 units.  Wow that is a drop from about 1600 homes from the prior report!!!  and from the high inventory days of 4000 units of 2008.....the number of units is soooo much lower which would normally be a good thing for sellers, but since most of the homes on the market in the Ashland, Medford area are distressed, prices are not up yet.

Comments (5)

Rob D. Shepherd
RETIRED - Florence, OR

Sometimes it is hard to know what to make of the numbers. In Florence we see a drop in active listings around Halloween and they relist in the spring.

Mar 15, 2012 07:41 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

We are seeing the same thing here where there are less homes for sale, yet the prices aren't rising because of all the distressed properties. 

Mar 15, 2012 02:27 PM
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Just need the buyers to feel secure enough to wade in to the market again, then off go the prices, don't you think?

Mar 20, 2012 04:24 AM
Krista L. Walker
RE/MAX Platinum Medford - Medford, OR
Oregon- Homes & Real Estate for Sale

Confidence would help, but honestly, I think the banks are cutting their owns noses to spite their face.   They list lower the current sold homes and drive the price further down.  when i say current sold homes, I mean in the last 30 days....

Mar 20, 2012 05:01 AM
Mary Stewart
HomeTrust Real Estate, LLC, Homes for Everyone - Wilsonville, OR
Wilsonville and Surrounding Portland Metro Areas

Your market, as Todd said, is much like ours, we have many distressed prices and low inventory.  In the Wilsonville area where I live here are very few homes for sale 136 in a town of over 18,000.  I. by the way, like your video.  I too like Animoto.

Jul 12, 2012 06:41 AM