An increase in homes may lure potential buyers
Thinking of buying a house? There is an increase in inventory, so now might be the time.
The number of homes on the market has increased, making it a buyers market.
Statistics show that Jackson county has had an increase in inventory and stabilization in prices. However, that does not mean that everyone is buying - as the number of buyers has not changed.
Homes in Ashland tend to stay on the market between 65 and 75 days. However, numbers in the Rogue Valley are much lower.
In the Rogue Valley the average number a house stays on the market is between 35 to 40 days before an offer is made.
"Now you're starting to see buyers say hold on, I have some choices. I don't have to buy that one. Maybe I'll buy that one or that one and so that's the normalization," said Colin Mullane, from Rogue Valley Association of Realtors.
Due to the increase in inventory, things are bit more relaxed because there are more homes available than in the past. Buyers are now able to negotiate a better price.
More inventory of homes tend to happen in the spring and summer, that's compared to the winter.