Report: Real Estate Markets in Southern Oregon Are "Normalizing"

By Jim McCoy Thu 5th September Newsreal estate
Reports by realtors in Jackson and Josephine counties are noting a normalization in their respective markets. The median sales price in the most recent 90-day period shows the median price for Jackson County at $196,000 and $166,000 for Josephine- both double digit increases when comparing these reports to the same time last year. While home sales are rising at a near 12 percent rate in Josephine County, sales are declining by 6 percent in Jackson County. Less than 20 percent of existing home sales in either market were so-called “distressed sales.” Their report also shows that homes are also selling more quickly.

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