Confidence in the Southern Oregon Real Estate Market
Confidence is coming back. I can taste it in the air. I can see it in the office. I can feel it in my clients and agents. Yes, the pulse of the Southern Oregon real estate market is getting stronger by the day, and along with the blossoms of spring comes the increase in real estate activity traditionally exuded by buyers and sellers at this time of year.
For buyers, confidence means making the decision to purchase properties that they’ve identified but hesitated to buy from fear that the the price might drop further and that they’d be paying too much. While statistically more foreclosures are still coming on the market, buyers are sensing that the market is at its low and prices have nowhere to go but up. Once again, buy low, sell high reigns supreme.
As for sellers in the Southern Oregon real estate market, confidence means listing their properties for a price they believe is not only fair but actually attainable given today’s market forces. In previous quarters spanning back nearly four years, sellers have hesitated to list their homes, alarmed by falling prices and bombarded by reports of a sluggish real estate market. But recently, the buzz has changed, and like whispered gossip, the news of increased sales activity has swept like a wildfire through the consciousness of the collective sellers. As a result, non-distressed listings are on the rise.
Among the real estate agents in our office, the confidence factor is influencing them too. There is more internet and telephone traffic resulting in increased agent confidence. The end result is a shared feeling that things are at last getting better in the Southern Oregon real estate market. And this leads to the statistically unproveable axiom, that the microcosm is a reflection of the macrocosm, and that the global economy is at last beginning to show the first signs of healing.
A Socially Conscious Real Estate Consultant
More on Topics: Confidence, Market, Real Estate, Southern Oregon, Southern Oregon Real Estate
Tags: Confidence, Market, Real Estate, Southern Oregon, Southern Oregon Real Estate
This entry was posted on Wednesday, April 22nd, 2009 at 9:00 am and is filed under the category Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
