Medford, OR - Local Housing Data - Summary

Change location:

Region

State

City

Medford, OR

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Medford, OR Local News

New Home Sales and Prices Decrease in Medford According to Latest Data

Posted on: Aug 08, 2014 11:35:26 AM

New home closings in the Medford, OR market dropped year-over-year in May, but the decline was less than the year-over-year decline in April. New home closings moved from 7 a year earlier to 3 after the figure moved from 4 in April 2013 to 1 in April 2014.

New home closings represented 3 out of the 321 total closings, which is a smaller percentage than the 7 of 320 total closings a year earlier. Closings of new and existing homes remained steady in May after rising in April year-over-year.

Pricing and Mortgage Trends

The average per-unit price of new homes was $217,333, compared with $296,805 last year. This came after a 5.8% hike in April year-over-year.

There was a decline in average mortgage size on new homes, going from $251,492 last year to $182,867 in May 2014.

Other Market Trends

There was no change in the composition of the new home market with regard to the types of properties sold in May 2014.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.