Market Update Aug 29 2023

Full Video Transcript Below

August 29, 2023 Housing Market Update Southern Oregon

Alice Lema: [00:00:00] Well, hey, real estate fans. Welcome back to the market statistics for Southern Oregon. This is the weekend being August 29th, 2023. I'm Alice Lema. I'm a broker here in beautiful Southern Oregon with John L. Scott real estate. And today we're going to start with Josephine County. These are single family residential homes.

So prices year over year in Josephine County are down this week, 4%, average $422,989. The number of solds are up in Josephine County, 35 percent year over year this week. That was 19 single family homes sold in Josephine County. Number of listings are still down. They're down 12 percent year over year this week in Josephine County to 358 properties. We had zero foreclosures closed in Josephine County this week. Zero short sales closed this week in Josephine County and zero million dollar single family homes closed in [00:01:00] Josephine County.

Let's go to Klamath County. Klamath County is down. Prices year over year are down 23 percent this week. The average in Klamath County now costing 264, 780. The number of units sold a number of homes sold in Klamath County is down 25 percent year over year this week to 20 properties sold. The number of listings year over year in Klamath County are up 19%. Congratulations. There are now 297. homes on the market. We have zero foreclosures, zero short sales, and zero million dollar properties closed this week in Klamath County.

Now Jackson County is a little different story. This week prices year over year are only down three percent to the average in Jackson County costing $524, 270. [00:02:00] The number of sold year over year in Jackson County are down 5%. There were 50 properties sold. And the number of listings year over year this week in Jackson County are down 22%. We had 711 listings on the market. We had one foreclosure close in $395, 560.

It was a 1677 square foot home on point one three acres. We had zero short sales close in Jackson County this week. But we had three million dollar properties close in Jackson County this week. So you can see the market is in fits and starts trying to adjust and absorb all the changes from this last year. Jackson County million dollar properties close this week.

We had one in, Jacksonville close at full price, [00:03:00] 1. 275 million, one in East Medford, over full price, close at 1. 260 million and one under full price closing in talent for 1. 105 million. So those are our statistics for, last week, weekending, August 29th, 2023.

Give me a call. Give me a text. Let's talk about what you want to do next in your real estate life. We can, make some purchases. We can put some properties on the market, which we still very much need more properties on the market. But regardless, just give me a call. Give me a text. And let's talk about what's next for you. My number is 541-301-7980 We'll see you again next week. Bye now.