Ashland and Medford Oregon Real Estate Stastics show the Bottom of the Market Is Now

Okay, that headline was just meant to get you into the blog to read it. It is not really possible to know when the bottom of the market is, until 6 months after it has come and gone.

 

I will try to figure out a better way to insert graphs into my blog. However, if you follow the link below, it shows the 2 year trend of housing inventory in Ashland.

ashland-market-supply

We are down considerably in inventory from the high of July and August of 2007. This is a good sign that the market locally has stablized.

It looks like there have been close to 18 months where the inventory is less than it was in the previous year. I believe as the confidence grows in the economy as a whole, and the housing relief that are being put into place by the government, that Ashland will have a healthy, stable market that many in the valley and Oregon will still consider to be overpriced.

 Medford is even more dramatic when you look at the graph. I really shows that last year was when the best selection of homes to buy was.

Medford Oregon Residential Supply of Homes 2 year graph (note, I figured out how to give this a better name, and cannot figure out how to edit the name of the Ashland chart)

Now I will not stake my reputation on it, because this really is crystal ball stuff. But I do want it on the record that I believe that this October/November/December will be the “bottom” of the market. And as I have said before…we really won’t know when the bottom is, until 6 months after it has gone.

So someone could keep me honest, and next June have me run the stats to see if that prediction is true.

 

 

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