Hi, I’m Troy Schuyler. I am a licensed real estate broker with the Sky Team at KW Realty SOUV in Roseburg Oregon. This is just a very quick snapshot of the Douglas County OR real estate market for May 2023. This is a month-over-month and a year-over-year overview of what’s going on in Douglas County real estate.
May – The Numbers In Douglas County Real Estate
The information in the picture and video is below:
- 193 new residential listings hit the market. That’s up about 11% month-over-month.
- We currently have about 334 active residential listings on the market.
- Closings are down 17% month-over-month. 124 homes closed escrow in May.
- We had 148 listings go pending throughout the month which is up about 11% month-over-month.
Did you notice the trend? Look at the number increased percentage of listings and pending sales. They both increased by 11% in May. There is still quite a significant buyer demand.
Douglas County OR Real Estate Trends Year Over Year
Here’s how the first 5 months of 2023 compare to the first 5 months of 2022 in Douglas County OR real estate…
- New listings were down about 20%
- Pending sales were down about 20%
- Closed sales were down 27%
- Median Sales Price is down 4.6%
Do you see the trend again? The number of listings and the number of pending sales are hand-in-hand once again.
Other Important Real Estate Statistics You Should Know
Some other important real estate numbers you should know if you’re buying or selling a house are the average home selling price, listing inventory level, and average time on the market.
The average home selling price in Douglas County is currently right at about $379,000. Our current residential listing inventory is 2.7 months, which is still a seller’s market, and the average time on the market is 72 days… (the date listed to date sold).
If you are thinking about buying or selling real estate, it’s important to not only know this information but know how to apply it on the buying and listing side of a transaction. This is where my 28+ years of experience can really help in ensuring a great real estate experience.
If you have questions about buying or selling a house, getting prequalified for a mortgage, or just want to chat about the possibility of working together, shoot me a direct message. I’d love to help
