Year over year home sales in the Rogue Valley in Southern Oregon have increased for the second month in a row. This is the first time this has occured since March 2005. The average number of days homes stayed on the market before selling, expiring or being taken off the market trended down compared to this period last year. The Median Price of homes continues to decrease, except in East Medford. The number of homes for sale is also continuing to fall, however at the current rate of sales it would still take many months to sell the existing inventory.
Note: The data in this chart were supplied by the Southern Oregon Multiple Listing Service for the period of October 2007 through October 2008. SOMLS neither guarantees nor is in anyway responsible for its accuracy. Data maintained by the SOMLS may not reflect all real estate activity in the market.
Rickey, You and I have an opportunity to do each other a favor; we are both in the same business with the same interest and have clients who come and go--possibly from central Illinois to your area and vice-versa.
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