In 2018, Zillow predicted across the U.S. the summer real estate market of 2019 would see home prices increase. So far, the prediction is holding for Home Owners in Southern Oregon.
Its multiple neighborhood communities maintain their personality while sharing an abundance of natural resources and outdoor activities. Southern Oregon has developed into a family-oriented community within a changing world, capturing the attention of buyers from all walks of life.
Heading into summer, the summer real estate forecast looks positive with low inventory and a strong demand helping to boost home prices. Mortgage rates have leveled off, and economic reports expect them to remain steady in 2019, but qualified home buyers can expect to see a slight increase as we enter 2020.
Southern Oregon Market Trends
Home Owners in Southern Oregon can choose between living in neighborhoods consisting of single-family homes, townhomes, and multiple unit developments.
Here’s the region’s 2019 first quarter median housing data. The trend is expected to continue into this year’s summer real estate market, favoring both the seller and buyer.
- Median list price ranges of abotu $283,000.
- Median list price per square foot spans from $344 up to $160.
- Inventory (homes for sale) in some areas were as low as 3 and more than 30 in other locations.
Market Comps & Median List Prices
Median list prices are calculated according to the market comps that compare similar properties in the neighborhood. Keep in mind that the list price is not always the final selling price. Talk with me to help determine your home’s real market value.
If you’re ready to list your property, real estate surveys show the neighborhood and the home conditions are equally important in the buying decision. There are other factors that homeowners should know when it comes time to selling or buying a home.
Showing your home at its best and setting the right price gets your home sold. I have the knowledge and experience to establish a list price that attracts qualified buyers. Sellers, this is all about the house, let me what I do best – Sell.
Ready to list your home? Is it time to move to a larger house or do you want a change of scenery? Are you ready to downsize and enjoy retirement? Give Gail a call today!