Vitality Seen in Local Real Estate Market

By Jim McCoy Wed 5th December Newsreal estatesouthern Oregon economy
Real estate sales continue their upward trend in Jackson County. The Rogue Valley Association of Realtors finds that existing home sales have increased 21.1 percent from this time last year, and the median sales price has risen 19.1 percent to $179,900 over the same period last year. A big factor is the decreasing presence of bank-owned properties and short sales. Normal transactions represented 61.7 percent of existing home sales in the most recent report. Bank-owned properties accounted for 18.5 percent of sales. The average number of days a home is on the market is also decreasing. That number has fallen from an average of 86 to 63 days.

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