Report: Existing Home Prices Rise In Jackson County

By Jim McCoy Tue 5th June Newsreal estate

There’s good news for people selling homes in Jackson County; the median sales price is on the rise. The median in the most recent rolling quarterly report rose nearly 10 percent to $155,000, according to the Rogue Valley Association of Realtors.

The figures reflect an increasing demand, while inventory is shrinking. Sales are up 3.1%; 539 homes sold in the most recent report, compared to 523 at this time in 2011. There are 26% fewer homes on the market in Jackson County.

Homes are also spending less time on the market. The average has gone from a 2011 figure of 97 days to 81.

A plurality of transactions fall into the “normal” category at 43.8%, 37.8% were bank-owned properties, while 18.2% were “short” sales.

Search

Focus Today

Focus Today

Video On Demand

Video On Demand

theDove News

theDove News

Sports

Patrick Doyle

Counselling

Patrick Doyle
(c) 2012 UCB USA Inc dba theDove