More good news. Pending sales in Jackson County in Southern Oregon are up 42% from this time last year. Previously to August we were seeing fast activity on homes priced below $300,000 and especially for homes priced below $200,000. The middle price ranges in the $400,000 to $600,000 was moving slowly, very slowly. The high end was not moving at all. To date (August 21, 2012) there have been no home that have sold in Jackson County priced over $1,000,000. Two sold in the mid $900,000 range. That was it. Pretty astonishing. Well, in the past several weeks 9 homes priced above $900,000 are now pending! That is very significant. That is more activity in the past few weeks than we have seen all year.

So for now, the market is very good, interest rates are low, low low (under 4% and under 3% for a 15 year fixed loan). If you have been on the fence about buying a home or investment property, it is time to do something about it.

I have been very cautious about getting overly enthusiastic but I cannot deny that the good news just keeps on coming. At first our pending sales were up 25% over the same period last year, than that figure moved up to 32% and now we are at 42%. Several months ago the activity was only in the low ranges, now it has moved into the mid ranges and even into the over million mark. Stay tuned and get your check book.