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When it comes to current real estate trends, the MMDC has you covered!

Our members stay on top of what is happening in the real estate market, so we can better serve you, our clients. By monitoring current trends, while keeping in mind historical factors, we keep a handle on what is happening now and what to expect in the future.

Here are some of our most recent findings:

  • The average home sale price has risen by 2.7% over the past year, while sales volume has increased by 4%. This shows that people are feeling more confident about their ability to purchase homes.
  • The number of new construction permits has decreased by 4%, and existing home sales have gone up by 3%. People are becoming more comfortable with buying older homes and investing in renovating them instead of building new ones.
  • The average cost of rehabbing an older home has risen 6%, but this does not seem to affect homeowners’ willingness to invest in them. Instead, it just makes them more likely to hire contractors who specialize in older homes rather than general contractors.

The real estate market is constantly changing and evolving, and it’s important to stay up to date on the latest trends. If you’re looking to invest in a new home, or if you’re just curious about what’s going on in the industry, we’ve got you covered!

Experts in Current Trends

P.O. Box 72484
Springfield, OR 97475