Median Jackson County Sales Price Falls Below $200,000

The Rogue Valley Association of REALTORS® (RVAR)  released the most recent home sales data for Jackson County. The data, compiled by the Southern Oregon Multiple Listing Service, covers the ninety day period ending January 31, 2009.

Existing home sales remained relatively steady as compared to the same
period last year, falling by fifteen units from 318 to 303. "Four of
the eleven areas tracked by SOMLS actually saw an increase in numbers
of sales when compared to last year at this time", said Steve Blanton,
CEO of the Rogue Valley Association of REALTORS®.  Average days on
market also fell slightly, dropping from 119 to 116.    

More
significant changes occurred in the county wide inventory of existing
homes for sale and in the median sales price.  "The inventory of
existing homes for sale fell by just over 20 percent as we continue to
see the market work toward equilibrium. ", continued Blanton.
           
"As
of this reporting period, the county’s median sales price for existing
homes now stands at $198,000. This is a two edged sword. It is
obviously a great time to buy a home, but if you are selling, these
numbers speak to the need to really do your homework, and price your
property appropriately," concluded Blanton.

(Detailed
breakdown of sales of new and existing homes in all Jackson co. cities
included in your online subscription or in the regular subscription.)

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