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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Medford. Low rates with falling home prices makes a home purchase a great value! Call now for more information at
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Medford is | No Change |
| Seller Activity for the past 90 days in Medford is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well-priced properties are getting multiple offers and often sell for above asking price. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 35-40% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Investors are shifting out of equities into real estate, and finding cap rates of 10 and even higher. Buyers are taking advantage of interest rates in the high 3’s and low 4’s as well as low prices. Sellers are selling now to get to buy their replacement house. |
| Nearest Metro Area | Medford |
| Housing Hot Spots | Most cities within the Jackson County area are considered ’Housing Hotspots’ |
| Average Sold Price | $175,000 - View Graph Trend |
Medford Local News
News for Medford, OR - September 16th, 2011 5:33pm
November 2011 median prices were about the same as October, and about 13% lower than a year ago. Bank-owned property inventories are increasing again, as more properties get added to inventory each month than the number of bank-owned properties that resell. About 40% of sold properties are distressed sales (bank-owned and short sales), meaning that 60% are "normal" or "happy" sales. Well-priced properties of any kind are selling quickly; poorly priced properties don't sell. The foreclosure auction provides us with exceptionally well-priced properties, and our clients see them before the market at large. Contact me today at vic@thealbagroup.com for more information.
News for Medford, OR - December 17th, 2010 7:09pm
May 2011 median prices vs. May 2010 for Jackson County: $160,000 vs. from $169,000, a drop of 5.4%. Prices are still dropping locally, but a lot less than before. Iventory is down from last year. If you want to know more information about local market trends in order to make good informed decisions, contact me today at vic@thealbagroup.com.
Contact Information
Vic Nicolescu and Leah Ghena
Vic: 541-973-8973 or Leah: 541-821-5324
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Vic Nicolescu and Leah Ghena
The Alba Group
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 Vic: 541-973-8973 or Leah: 541-821-5324
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