Hitting the Bottom of the Southern Oregon Real Estate Market
As a real estate professional specializing in consultations pertaining to the Southern Oregon real estate market, it is my job to keep track of statistical data in order to better inform my clients and the readers of this blog. For the last few years, paramount in the minds of everyone involved in the real estate industry is the need to know when market conditions will begin to improve and when prices will be hitting the bottom. In order to address these concerns, part of my research means keeping up-to-date on the latest trends and market activity. Recently one of those trends now clearly indicates a statistical rise in prices for the last three months in a row, and June, 2009, may well become the statistical bottom of market prices.
The thing to remember and to take into any calculation when trying to make predictions based on trends is that data always is a step behind reality. Or put another way, data is behind the curve while reality is in front of it. It is now safe to say that we are beyond hitting the bottom for the Southern Oregon real estate market and we are now bouncing off the bottom. So if you are a buyer, do not hold any great expectations that prices will continue to drop any lower. Yes, there will be specific properties that for unusual reasons become bargains and drop significantly in price. But these price drops are anomalies that are to be expected in a normal real estate market. Suffice to say, prices are stabilizing and they will now, with time, begin to trend upward.
Once again, I offer this friendly reminder… buy low if you anticipate selling high at anytime in the future, and guess what… it’s low.
A Socially Conscious Real Estate Consultant
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This entry was posted on Monday, October 5th, 2009 at 2:04 pm and is filed under the category Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate. 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.
