Southern Oregon Market Update Jan 9, 2022

Full Video Transcript Below

[00:00:00] Well, good afternoon. Real estate fans, Alice Lema here, broker John L. Scott in beautiful Southern Oregon with the weekly market update. Our Southern Oregon market statistics for the week ending January 9th, 2022.

[00:00:16] Let's start today with Klamath county. We have 28 new listings in Klamath county this week, 31 closed sales, 23 pending sales and 21 back on market in Klamath county this week. We have five canceled and withdrawn. And the average days on market in Klamath county this week is 48. It's a little over a month, about six weeks, the average sales price in Klamath county this week, $213,950. Just a side note. That's a 28% drop in prices since last week. The average sold price to list price ratio in Klamath county this week is 92.10%.

[00:00:56] Josephine county is next. Josephine county had 23 new listings this week, 28 closed sales, 38 pending sales, 19 back on market and 4 canceled or withdrawn. The average days on market in Josephine county this week was 44. That's up 9% from last week. And the average sales price in Josephine county this week is $393,415. The average sold price to list price ratio in Josephine county this week is 96.87%

[00:01:32] Jackson county, the hub of our valley, Jackson county this week had 78 new listings, 80 closed sales, 107 pending sales. 49 back on market in Jackson county this week, 20 canceled or withdrawn in Jackson county this week. And the average days on market in Jackson county this week is now 60. 60 days. That's a full two months. The average sales price in Jackson county is $401,019. And that's down from last week and the average sold price to list price ratio in Jackson county this week is 96.47%, which is also down from last week.

[00:02:16] So we're starting to see the impact of the interest rate change. The market fluctuation and more inventory coming on the market. So there you go. That's our market update our statistics for Southern Oregon. The week ending, January 9th, 2022.

[00:02:32] I'm Alice Lema. I'm a broker here in Southern Oregon at John L. Scott. I'm available to help you sell your house, to buy a new one. Do a lot of investment, work with first-time home buyers, people buying rural property, and downsizers. My number is 541-301-7980. Also do a lot of relocation, both into the valley and out. So give me a call. We'd love to help.

[00:02:58] We'd love to be your agent. My number is 541-301-7980 I'm around all weekend. Just give me a jingle. We can talk about what you need to do in your real estate life and get it started. Have a beautiful weekend. See you next week. Bye now.