Market Statistics Residential Review: Douglas County, Oregon
January Residential Highlights
Douglas County started the year with an uptick in new listings this January. At 178, new listings outpaced January 2018 (164) by 8.5% and rose 63.3% compared with last month, December 2018 (109). This was the strongest January for new listings since 2010, when 222 were offered.
Pending sales (145) fared well in January, showing a 3.6% increase over January 2018 (140) and a 49.5% increase over December 2018 when 97 offers were accepted.
Closed sales, at 98, decreased 14.8% from January 2018 (115) and 21.6% from last month in December 2018, when 125 closings were recorded.
Inventory rose to 4.8 months in January, with total market time rising to 95 days during the same period.
Average and Median Sale Prices
Comparing the average price of homes in the twelve months ending January 31st of this year ($236,700) with the average price of homes sold in the twelve months ending January 2018 ($213,600) shows an increase of 10.8%. The same comparison of the median shows an increase of 11.8% over the same period.
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