Home supply reverses trend

After falling for seven months, the supply of single-family residences for sale in Jackson County rose in August.

Figures supplied by Southern Oregon Multiple Listing Service show 12.4 houses per buyer were available in August after the number of available residences fell to just over nine per buyer in July, the lowest point in more than a year. The rate is calculated using the number of people who buy houses and the number of houses on the market

The inventory of available homes (2,284 at the end of August) rose to 10.3 months' supply from eight months' supply in July.

Pending sales plateaued above the 200 level during the summer months, remaining well above 2008 figures. West Medford activity was 81.8 percent higher in August than a year earlier, while Ashland, Central Point, Eagle Point and East Medford were all 25 percent or more above August 2008. Across the county, pending sales were up 38.4 percent.

The county's new listings, however, dropped close to August 2008 levels after a sharp climb at the start of the summer. There were 351 new listings in August, compared with 335 a year earlier.

Sellers in Eagle Point and the Upper Rogue region fared the best in getting the sales price they sought. Eagle Point sellers, on average, received 101.8 percent of their asking price, while it was 98.8 percent in Shady Cove and Trail. Across the county, the figure was 88.9 percent.

— Greg Stiles

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