Statistics generated by the Southern Oregon Multiple Listing Service (SOMLS) for Sept. 1 through Nov. 30, 2010 shows median price gains from the same period last year in three areas. Eagle Point gained 13.4% to $210,000; Shady Cove/Trail jumped 23.1% to $200,000; and Gold Hill/Rogue River is up 11.6% to $145,000.
A total of 445 homes sold during the rolling quarter compared to 529 for the same period last year, a decrease of 15.9%. Distressed property sales continue to pressure the market, pushing the overall median price down to $159,000.
Normal transactions accounted for 46.7% of all sales, with a median price of $223,000. REO properties hold the next largest market share at 42.7% with a median of $124,500. The remaining 10.6% were short sales, with a median price of $159,000.