Jackson County Real Estate Picture Gains Further Strength

The real estate picture in Jackson County continues to show growing strength. In the most recent rolling quarter, the Rogue Valley Association of Realtors reports a 2.7 percent increase in existing homes sales over the same time last year, 455 homes compared to 443. The median sales price spiked 27.1 percent to $183,000 and normal transactions represented 64 percent of sales. Bank-owned sales accounted for 15.2 percent of the sales total, and the remaining 19.8 percent were short sales. Homes are also selling faster, on the market an average of 65 days, compared to 72 this time last year.