Time for the annual state of the real estate market analysis. 2019 was another strong year for real estate in the Rogue Valley. Not as strong as 2018 in terms of appreciation of housing prices.
2019 Year End Statistics
Dated: January 21 2020
Time for the annual state of the real estate market analysis.
2019 was another strong year for real estate in the Rogue Valley. Not as strong as 2018 in terms of appreciation of housing prices. But it was just as strong in the total number of homes sold. There was a decline of 2.5% in the total number of homes sold, which considering how hot the market was in 2018 is a solid market.
The overall market was up 4.5% over the year. This was a sharper decline in appreciaton compared to 2018 which had a year end appreciation of 6.1%. That is a difference of 26% less heat. But it still showed a price gain over the course of the year.
11 of 13 areas showed price gains, with the 2 holdouts being Talent and Jacksonville, each of which showed a 6% decline in median sales price. Jacksonville typically fluctuates year to year based on what kind of houses sell. There are high end and low end houses, and not many of them. There were 61 sales in Jacksonville, and 71 total sales in Talent. It is a fair number of sales to draw conclusions on, but the trends are less reliable than areas like Ashland (341 sales), West Medford (216 sales) or East Medford (903 sales) which have more sales to draw more reliable trends off.
Ashland showed a 9.8% increase year over year, while West Medford saw 9.7% and East Medford at a modest 1.7%.
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