Market Talk! S.Oregon Real Estate for Jan. 18
Southern Oregon’s Real Estate Market is off and running in 2020. Check below to see last week’s sales activity across our three Southern counties. While it’s not close to summer stats, none-the-less activity for January is pretty robust.
Remember, January is the second slowest real estate month of the year in terms of listings and sales. So, let’s take a moment to compare recently completed December 2019 stats and see how things stand.
What we’re seeing is a more normalizing market where buyers and sellers have equal negotiating power. New building codes took effect on January 1 in Oregon. Chad Wiltrout, Medford Building Dept. and Greg Kleinberg, Deputy Fire Chief join us on the Real Estate Show to explain what these new codes mean for commercial building owners. They also share new wildfire buffer zones and new building materials now required inside these zones. Join us Saturday January 18, 10 am KCMX AM 880 radio or YouTube video of our show at this site.
Above: Greg Kleinberg, Chad Wiltrout, Alice Lema and Pete Belcatro at KCMX Studio. What’s encouraging also is the US Home Sales are doing extremely well too.
Part of the reason home sales remain high is low-interest rates.
They are the fuel for this real estate market. We expect them to remain steady as the year starts. New home construction is also on our minds this week. The SOMLS stats show more than 300 new homes built, but still not enough to meed demand.
Have a great week ahead. For any real estate information please call or text us anytime. We love talking real estate with you.
Pete Belcastro petebelcastro@johnlscott.com
call or text 541 621 7036.
Alice Lema alicelema@alicelema.com
call or text 541 301 7980.