Market Update Dec 11 2023

Market Update Dec 11 2023

Full Video Transcript Below

Market Update Dec 11 2023

Alice Lema: [00:00:00] Well, hey, real estate fans, welcome back to market statistics for housing, southern Oregon. This is for the weekend being Monday, December 11th, 2023. We're going to do all three counties, just like we do. And we're going to start with Josephine.

These are a year over year residential only. Prices year over year in Josephine County are down this week 4%. The average single family home costing $454,222,000. The number of sold year over year in Josephine County were down 55% with nine closings in Josephine County for residential. The number of listings year over year are down 3% in Josephine County with 306 listings on MLS. We had zero foreclosures closed this week, zero short sales closed this week, and zero million dollar closed in the residential market in Josephine County this week.

Jackson [00:01:00] County, a little bit of a different story. The prices year over year this week were neutral, so no change. The average single family home costing 478, 077. The number of sold year over year for residential in Jackson County are up 15 percent from last year. We have 37 closings this week. The number of listings year over year in Jackson County are down 5%. We had 641 listings on MLS in Jackson County in the residential market. We had zero closings for foreclosures, zero short sales this week in Jackson County. We did have 1- 1, 000, 000 sale for 1, 000, 000 even and that was in Phoenix.

Klamath County prices were up 24%. Congratulations, Klamath County. The average single family residential home now costing 361, 277 in Klamath County this [00:02:00] week. The number of sold year over year in Klamath County were down 55%. There were nine closings in the residential market in Klamath County this week. The number of listings year over year were down 2% with 229 listings on MLS in the residential market in Klamath County. This week we had zero foreclosures, zero short sales, and zero million dollar residential closings in Klamath County this week.

So we did have one week not that long ago where we had an increase in price in each of the counties. You can see we still have a little bit of volatility, but for the most part, the listing shortage is changing. And I want to encourage you to listen to the podcast this week, because there is a very interesting trend brewing this winter.

And I've been talking about it to the clients when we're out looking, but I want you to listen to the podcast because it got verified by KCM, Keeping Current Matters today. So super [00:03:00] exciting always nice to be on top of the trends, even if they're micro trends that we're watching every week, because that's how we build into the macro trends. And then we're just more prepared. We're better consumers. And that's the whole reason we do these.

I want to be your agent. I want to be your listing agent, your buyer's agent. Great with rural property, riverfront, work with first time homebuyers. If you are worried about losing your home in a short sale or foreclosure, very experienced with that as well.

And yeah, just ready to bring in 2024 and let's talk about what we're going to do for your next real estate situation. My number is 541-301-7980 Make it a great day. And we'll see you next week. Bye now.

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