Weekly Update on Local Real Estate Trends
December 7, 2024 - 03:00
Mary Gilbert of the Mary Gilbert Group of Keller Williams Southern Oregon provides insights into the current state of the local real estate market. This week, the data reveals intriguing trends that could influence both buyers and sellers in the area.
The housing market continues to show signs of resilience, with a steady demand for homes despite economic fluctuations. The average home price has seen a slight increase compared to last month, indicating a competitive market. Inventory levels remain low, which is contributing to the upward pressure on prices, making it a challenging environment for prospective buyers.
Additionally, the average days on the market for homes have decreased, suggesting that properties are selling faster than before. This trend highlights the urgency for buyers to act quickly when they find a desirable property. On the other hand, sellers are benefiting from favorable conditions, as multiple offers are becoming more common.
Overall, the local real estate landscape is dynamic, and both buyers and sellers should stay informed to navigate these changing conditions effectively.
MORE NEWS
February 25, 2026 - 03:56
Data center expansion reaches an ‘inflection point’A major shift is underway in the global data center landscape, with Texas on the verge of surpassing Virginia as the world`s largest data market. This movement signals a significant inflection...
February 24, 2026 - 03:19
Homeowner Asked Neighbor To Move Fence After Survey Showed It Was 2 Feet Over — But He Refused, Claiming 'Squatter's Rights'A routine property survey has ignited a tense neighborhood standoff after revealing a fence built two feet over the legal boundary. The homeowner, who commissioned the survey when considering...
February 23, 2026 - 13:36
Property of the week: Luxurious CT home with extraordinary view and a poolThere is a friendly and welcoming feeling that is apparent immediately upon entering. This exceptional property, nestled in a premier Connecticut location, transcends the ordinary home experience...
February 22, 2026 - 10:23
**Stepping Off the Feast-or-Famine Cycle for Good**For many service professionals and small business owners, the constant swing between overwhelming busyness and worrying quiet is a draining reality. This feast-or-famine roller coaster jeopardizes...