The housing market is continuing its upward trend in southern Oregon. The median sales price for an existing home in Jackson County is up to $189,000 in the most recent rolling quarter that ended June 30, an increase of 16.7% compared to the same time one year ago.
Normal transactions represented 78.4% of existing home sales. Bank-owned sales represented 6.7% of the total, while the remaining 14.2% were short sales. Those transactions in the normal category sold for a median price of $219,000.
In terms of the number of sales, there was a slight decrease- 5.3% when comparing 2013 to 2012. From April 1 through June 30, 551 existing Jackson County homes sold. Homes are also spending less time on the market, an average of 52 days in the latest report, compared to 74 last year.