Southern Oregon Real Estate Market Update
There is good news and bad news for the southern Oregon housing market. First, the good news: Sales volume and prices are up slightly to moderately and days-on-market and number-of-homes for sale are down. All this bodes well for a continuing recovery. Business was fairly brisk for home sales in Grants Pass and the Southern Oregon real estate market in general, and the months of March and April were very good as buyers scrambled to take advantage of the expiration of the home buyers tax credit that ended on April 30th. We had until June 30th to close those contracts and the last week of June we were very busy with closings. The house and senate both passed an extension of time to complete closings for those sales that were hung up and couldn’t meet the June 30th deadline. President Obama is expected to sign it. That’s good because I had a number of sales that were supposed to meet that deadline and couldn’t.
Speaking of short sales, Continue reading Southern Oregon Real Estate Market Update
More on Topics: Foreclosures, Market, Market Update, Real Estate, Sales, Short, Short Sales, Southern Oregon, Southern Oregon Real Estate
Posted July 9th, 2010 in Grants Pass Real Estate, Green Real Estate, Michael Masters, Real Estate, Southern Oregon Real Estate By Keyboard Culture| No Comments »
