Greetings:
The real estate market nationwide continues to shift with rising inventory, fluctuating mortgage rates, and changing buyer dynamics, which is leading to a unstable market. In Oregon and Douglas County this pattern is the same. Rising inventory and overpriced listings has led to many price reductions that benefit buyers. We are slowly moving into more of a buyer’s market. Many sellers are also renting their houses because they are not selling. We are witnessing a more balanced market in Douglas County with inventory down to 4.2 months from 5.7 months last month. Many economists predict that mortgage rates will continue to remain over 6-7% in 2025 as the Federal Reserve fights to get our inflation rate around 2% or below.
Home prices in Oregon are down -0.66% to $495,042 compared to last year at $524,727. Comparatively, the national average is $517,200. Also, the number of homes sold is down -0.96% compared to last year. The Oregon real estate market mirrors the national trend with prices decreasing and the amount of inventory increasing. In fact, we are down by some 400,000 units needed to meet the demand for all types of housing. Oregon continues to be in a “housing crises” even though Governor Kotek has pledged to intervene in many local areas to relax development regulations to incentivize builders to build more housing. There are several reasons as to why Oregon finds itself in this crisis some of them are: 1-building and zoning regulations, 2-building costs, 3-pent up demand because of increase in population, and 4-high interest rates.
In Douglas County new listings increased slightly in July 2025 by +1.1. % (182) from the (180) listed last month. Also, new listings year-to-date are down slightly -0.2% (1221) from (1223) taken in 2024. Pending sales for the month of July 2025 were down -4.0 % (144) compared to June 2025 at 146. They also declined by -1.3% year-to-date in 2024 (856) compared to year-to-date 2025 at (845).
We saw a significant increase of +37.5% in closed sales in July 2025 at (132) over the (96) closings in June 2025. This increase is normal because the real estate market is always more active in the summer months. Year-to-date our close sales in 2025 are down -1.9% (741) as compared to 2024 at (755).
The average sales price for the month of July 2025 increased +4.1% to ($352,500) compared to June 2025 when it was ($338,500). However, our year-to-date prices are down by -0.9% to ($346,400) compared to 2024 when they were ($349,700).
The average price per square footage of homes now selling is $220, which is up slightly compared to June of this year when it was $210. Homes in NE Roseburg are the most affordable at $272,900, which is near the college. However, it also reflects the number of mobile homes that are selling in mobile home parks. The Green area is next with the average sales price of $277,800, followed by Winston at $311,900, then Sutherlin at $337,600, and Myrtle Creek at $341,600. Glide was replaced as the highest average sales price by SW Roseburg, which saw an average sales price of $583,300. (PS: If you or someone you know are interested in selling or purchasing, please feel free to call one of our Brokers!)
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