Medford Real Estate Market Update


There are many factors that influence the real estate market here in Medford. Interest rates are higher than they were a few months ago. Today you can get a 30 year fixed rate mortgage for 4.625% if you have good credit. Another important factor is the number of homes for sale. Just like you learned in your Economics 101 class, the price of a product is a reflection of its supply versus the demand for the product. Today I thought we’d look at what’s been going on with the supply of houses over the last two years. We’re still in a cycle of high demand for homes in Medford.

Medford Real Estate Market Update

Medford Single Family Houses For Sale 2011 to 2013

In August of 2011 there were 128 single family homes for sale – that’s 46% more houses than were for sale in August of 2013. What will happen if/when interest rates rise or when more people decide it’s the right time to sell? Stay tuned!