The Grants Pass, Medford, and Southern Oregon Real Estate Market Recovery and the California Real Estate Market
As many of you already know, the Southern Oregon real estate market is dependent on the California real estate market for much of its activity. In Grants Pass and Medford, California has always been regarded as their largest “feeder” market, driven by Baby Boomers seeking retirement.
So when sales in California began to tank back in 2006, the Grants Pass, Medford, and Southern Oregon real estate markets tanked right along with them. Now comes the latest news regarding the recovery of the California real estate market.
Sales statistics indicate that California may finally be coming out of its economic tailspin. Statistics show that the total volume of California sales increased in February with home owners and real estate investors finally pulling the trigger on the “buy.”
In addition, there has been a decrease in foreclosure inventories. All of this is good news and supports the belief that we’ve hit the bottom in the Grants Pass, Medford, and Southern Oregon real estate market, and therefore we have nowhere to go but up. Realistically, moving up during these overall perilous times of global economic recovery means a slow but steady upward climb for sales and price stability.
Expect to see prices stabilize in all categories in the Grants Pass, Medford, and Southern Oregon real estate markets, and prepare for an increase in sales increases throughout the spring and summer.
A Socially Conscious Real Estate Consultant
More on Topics: California, California Recovery, Grants Pass, Grants Pass Real Estate, Medford, Medford Real Estate, Recovery, Southern Oregon, Southern Oregon Real Estate
Tags: California, California Recovery, Grants Pass, Grants Pass Real Estate, Medford, Medford Real Estate, Recovery, Southern Oregon, Southern Oregon Real Estate
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