How's the Market? Ten Years of Roseburg Property Values
Real Estate Broker · Douglas County, OR
On average, sold real property values in Douglas County increased by about 11.62% in 2022, and median sold values increased by 11.27%. That is a -5.7% decrease compared to 2021, which saw a staggering 17.3% average and median annual increase. Looking back ten years, the only decline was 2012 at -2.6% average. Mortgage rates first hit 4.0% in February 2022 and peaked at 7.32% in October 2022. After the holidays there has been a noticeable uptick in buyer activity, and well-priced homes are going pending within 7 days.
COVID paused the market momentarily during early shutdowns in March - May 2020. The lockdowns then backfired into a tsunami of housing activity that summer and continued all thru 2021 and into mid-2022 with property values increasing rapidly. Record low mortgage interest rates contributed to the feeding frenzy and subsequently cooled the market when increasing mortgage rates first hit 4.0% (Feb 2022) and reached their peak of 7.32% in (Oct 2022). Mortgage rates have been relatively stable for the last 7 weeks hovering near 6.0-6.50%.
After the holidays there has been a noticeable uptick in buyer activity. It’s as if someone flipped the switch starting January 1 and everyone is back looking for a home. Most buyers have adjusted to the higher mortgage rates. Well-priced homes are going pending within 7 days.
Ten Years of Property Values
On average, sold real property values in Douglas County increased by about 11.62% in 2022. In the same comparison, median sold values increased by 11.27%. This is a -5.7% decrease when compared to 2021 which saw a staggering 17.3% average and median annual increase. Please refer to the chart below which reviews annual appreciation & depreciation rates for the last 10 years. For 2023 there remains considerable demand from buyers. If no major economic/policy changes occur it’s likely 2023 will see a less chaotic market.
Ten-Year Review of Property Values
Roseburg & Douglas County · Annual appreciation · 2012 to 2022
Related Reading
Roseburg and Douglas County Real Estate (January 2023) Market Update
Comparing 2022 to 2021 through November in Douglas County, the average sale price has increased 11.6% from $321,800 to $359,200. In the same comparison, the median sale price has increased 11.3% from $292,000 to $324,900. Inventory held steady at 4.0 months in December. Total market time increased to 67 days.
Housing Inventory
Months of Supply · 12-Month Rolling Average
Average Sales Price
12-Month Rolling Average · Douglas County
Housing Inventory is months of supply (active listings ÷ monthly sales). A balanced market is ~6 months. Days on Market (DOM) is days from listing to accepted offer. Absorption Rate is the percentage of inventory sold per month. Balanced = 15-20%.