Jefferson Oregon was late to the building party, but it did have quite a bit of new home construction that occurred there as real estate land prices skyrocketed in south Salem. 
So what we saw in Jefferson was a normal neutral real estate market, and then builders started there in 2006. A splurge of home buying took place in 2007 as the new construction homes there were significantly less than they were in Salem. Then…back to normal.
So what does this mean for the Jefferson real estate market?
The current inventory is 6 months. Right at normal. Jefferson had some wild fluctuations last year, but things seemed to have stabilized there. The average and median home prices at $194,954 and $205,000 are high for Jefferson, but this has more to do with the fact that the home sold numbers as so small. One expensive property selling really distorts the data.
This is good news for folks that are trying to sell in Jefferson. It is currently in a neutral market.