Shrinking inventories and fewer distressed or bank-owned properties in the market are leading to rising prices in the Jackson County real estate market. The latest rolling quarterly report from the Rogue Valley Association of Realtors, shows prices on the rise, fewer homes on the market, and a shorter sales cycle are shown in the numbers.
Comparing the report issued today to the same time last year, the median sales price for an existing home has risen 27.1 percent to $190,000. Normal transactions accounted for 71.7 percent of sales. Homes were on the market an average of 62 days, compared to 82 in 2012. 445 homes sold between February and April 30th, compared to 527 in 2012.