BREAKING NEWS: Lower Inventory Pushing Existing Home Sales Prices Higher in Southern Oregon

By Jim McCoy Wed 3rd April Newsreal estatesouthern Oregon economy
The most recent report from the Rogue Valley Association of Realtors reflects a robust market. The median sales prices in Jackson County has jumped 26 percent to over $182,000. So-called “normal” transactions now comprise roughly two-thirds of all transactions at 66.9 percent. Short sales make up 18.3 percent of total sales, while 13.5 percent were bank owned (REO) properties. Homes are on the market an average of just 61 days. Home sales were down in first quarter at 378, compared to 485 in 2012- a 22.1 percent drop.

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