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Home Sales Are Up; Prices Aren't


The number of homes selling in Central Oregon is on the rise to pre-recession levels, but prices unfortunately aren't keeping up. Nearly 400 homes sold in Central Oregon during the first quarter of 2011, but the median price was about half of what it was back in 2007. Lester Friedman, the President of the Central Oregon Association of Realtors says things are looking up: “We are seeing more activity. We're getting more calls, more emails from the website, more people interested in looking at property. Prices are as low as they've been. Interest rates remain at historic lows. So we're seeing activity and I'm always fond of saying, everything starts with activity.” Friedman admits short sales and foreclosures, known as distressed properties make up the majority of the sales. 

 

 

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