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

Recent Figures Show New Home Sales and Prices Rise in Medford

Posted on: Apr 06, 2014 07:26:19 AM

In the Medford, OR market in January, new home closings rose year-over-year, but the increase was less than December 2013. New home closings moved from 9 a year earlier to 17 after the figure moved from 5 in December 2012 to 18 in December 2013.

A total of 189 new homes were sold during the 12 months that ended in January, up from 181 for the year that ended in December.

New home closings were 17 of the 187 total closings, up on a percentage basis from 9 of 175 a year earlier. Following a decline in December year-over-year, closings of new and existing homes grew year-over-year in January.

Pricing and Mortgage Trends

The average new home value went from $198,344 last year to $239,095. This was on the heels of a 18.8% bump in December year-over-year.

The average mortgage size on new homes was $199,468, up from $172,680. Average mortgage size on new homes went from $212,798 in December 2012 to $228,490 in December 2013.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.