Buyers & Sellers

• The median asking price of Grants Pass homes for sale reached $540,000 in September, up 15% from $469,000 a year ago, while homes that closed sold at a median of $440,000. A seller pricing off the street’s signs starts about $100,000 high.
• The Grants Pass median sale price for 2026 so far is $412,000, exactly where it stood at this point in 2025. A seller counts on the condition and presentation of the home, not on a year of appreciation.
• Fannie Mae now forecasts a 30-year rate of 7.5% through 2027, up from 6.7% in its September outlook. On a $340,000 loan, principal and interest runs about $2,377 a month at 7.5%, roughly $183 more than at 6.7%.

Investors & Developers

• Redfin counted 14.5% of September home contracts canceled nationwide, the highest share on record. A seller does well to keep a backup buyer in mind and a timeline that leaves room for inspections and financing.
• Oregon Senate Bill 1521 limits how far local governments can require affordable units in new developments, starting January 1, 2028 for rental housing and January 1, 2029 for other housing. Developers planning 2027 projects can plan around it.
• Since September 26, 2025, a landlord selling a tenant-occupied rental can give 60 days’ notice instead of 90 by paying the tenant one month’s rent. An investor selling a rental gets the home to market a month sooner.

Talk of the Town

• Rogue River’s new Commercial-Residential zone took effect September 26 on 61 parcels near downtown, including lots on Oak, Pine, Arbor and Cedar Streets. Quadplexes and townhomes are allowed outright on lots as small as 3,000 square feet.
• In September, the Ashland City Council voted 5 to 1 to advance 16 housing code changes, including two accessory dwelling units per lot. An owner there with the room could one day add two rentals.
• The city’s draft 2026 Annual Action Plan lists Nebraska Trails, 51 apartments, and Allen Creek Crossing, 129 rental and ownership homes, both already under construction. They widen the supply of lower-priced homes.

Questions about what any of this means for your home or your plans? Arrange a meeting.