The Jackson County real estate market has been “hot” for some time. Inventory is so low that we are in a Sellers’ Market; interest rates are the lowest ever. A buyer with good credit can get a 30-year fixed for 3.875%. We are seeing an increase in multiple offers on properties.
For the John L Scott/Medford office, we are setting a record for January — we have had 60 accepted offers in the first 15 days of this month. So this is not a typical market. Whether you are a prospective buyer or seller, now is the time to act. If you or any of your family, friends or colleagues are “waiting for the spring season,” you may miss a prime opportunity. Call me now and let’s get together to talk.
And the media is beginning to report positives about real estate. It is good news! Just look at some recent headlines:
Pending Home Sales Rise Again in November, Highest in a Year-and-a-Half
http://www.realtor.org/press_
Existing-Home Sales Continue to Climb in November
http://www.realtor.org/press_
U.S. Foreclosure Filings Dip 34% in 2011 to 1.9 Million, Lowest levels Since 2007
Las Vegas Breaks All-time Home Sales Record in 2011
MiamiPending Home Sales Spike 25% in November Over Last Year
The Best Housing Markets For The Next 5 Years (Medford #3 in the Nation!)
