Housing Prices Rise, Sales Fall in Southern Oregon

By Jim McCoy Wed 5th February Newsreal estate
The selling price of an existing home in southern Oregon is on the rise: 5.6 percent in Jackson County and 7.4 in Josephine County. That's according to the newest rolling quarterly report from the Rogue Valley Association of Realtors and the Multiple Listing Service from November 1, 2013 through January 31, 2014. The median price for a Josephine County home was $160,500, up from $149,450 the previous year,. In Jackson County, the median rose from $183,000 to $192,750. Both counties are showing double digit declines in sales- 29.8 percent for Josephine County, 18.3 percent for Jackson. Home are selling faster across the board as well. The market is also seeing an increasing number of non-distressed transactions, with "normal" transaction accounting for 74 percent of the sale total in Josephine County and 83 percent in Jackson County.

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