Jackson County Housing Market December Recap
This data gets compiled monthly and thought some of you might find it interesting so I thought I'd give it a share. Over the months it's helped me try to anticipate the housing market a bit. Resale listings are anticipated to go up in 2025 over 2024 but we believe that buying activity will also be rising soon as buyers come back into the market post holidays.
Interest rates are currently sitting around 7% but economists are projecting it lowers to the 6% territory next year. Rising prices will likely make up that difference quickly. It's also worth noting that Medford's rental inventory is about to explode with all of the apartment projects wrapping up over the next few years which will probably result in lots of people offloading their rental properties as rents go down. Could be worth keeping an eye on. I hope this is interesting to some of you!