It feels like the statistics are starting to tell a new story. Prices ar continuing to climb. And the average sales price to list price stays very constant in the Rogue Valley at 98% or so of asking price. But that is of final asking price, not taking into account sellers dropping their prices. The trend I find fascinating this quarter is that the trend of sales price to ORIGINAL list price is declining (see graph). This says to me that maybe the market is slowing down. While prices are still going up, the frenzy to pay "whatever" is being asked is not following suit.
More houses are on the market there there were at this time last year.
Pending Sales Are Up
Average Days on the Market are Up
Original List Price to Sales Price is Down
Available Homes Per Buyer is Up
Month's Supply of Inventory is Down
Housing Affordability Is Down.
Author:Adam Bogle Phone: 541-708-3630 Dated: March 7th 2018 Views: 103 About Adam: ...
View our latest blog posts in your RSS reader. Click here to access.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.