Jackson County Market Report Not Bad for March 1, 2008

In spite of all the doom and gloom reports, the picture isn't as bad as it appears for Jackson County Oregon property owners. There are 2% LESS listings in Jackson County Oregon on March 1, 2008 versus March 1, 2007. With all the talk about expanding inventories, I say this number isn't bad! Also, 4 of our cities - Talent, Jacksonville, Eagle Point and Shady Cove/Trail - saw year over year price INCREASES in existing home sales!

What is going to happen when we head in to our peak season here soon? Any bets on some more price increases and further decrease in inventory? Based on the inquiries of buyers in Southern Oregon I've been receiving, I suspect there is not only some pent up demand, but a sense of urgency coming in to play with mortgage rates having edged upward.

If you are looking for additional statistics city by city, go to http://www.jacstats.com/ for complete details.

See you at the Closing Table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com