2nd Quarter Market Report 2023

On one hand, interest rates remain high, which is challenging for buyers. On the other hand, inventory is still low, resulting in somewhat of a seller's market. It's a challenging time for both parties, but opportunities are still available for those who act fast.

According to a recent report by the National Association of Realtors, the median home price in Southern Oregon has increased by 11% year-over-year. This is a clear indication that demand is high, and supply is scarce. However, this trend is not unique to Southern Oregon, as many areas across the country are experiencing similar conditions.

Despite these challenges, there are still opportunities available for those looking to buy or sell in the Southern Oregon market. For buyers, it's important to act fast and be prepared to make competitive offers. For sellers, it's essential to price their homes competitively and ensure their properties stand out in a crowded market.

The Southern Oregon real estate market in the second quarter of 2023 remains challenging for both buyers and sellers. By working with a knowledgeable and experienced real estate agent, buyers and sellers can navigate this competitive market with confidence.