Jackson County real estate market shows continued improvement

Jackson County real estate activity maintained its heightened pace, as property sold faster and for a median price 25 percent higher than a year ago, according to the most recent figures compiled by Southern Oregon Multiple Listing Service.

During a three-month period ending Jan. 31, 455 existing single-family homes changed hands, up 2.7 percent from the 443 sold during a corresponding period a year ago. The average number of days those houses were on the market declined to 65 from 72 a year earlier and the median price — half above and half below — for those 455 sales was $183,000, compared to $144,000 for the three months ending Jan. 31, 2012.

The number of houses available through SOMLS — far and away the majority of those on the market — declined 36.3 percent to 822 from the 1,290 for sale a year ago. There were 838 units available a month ago.

Typical transactions accounted for nearly two out of three of property transfers at a median price of $210,000. Bank-owned foreclosure represented 15.2 percent of the deals at a median price of $130,000, while short sales made up 19.8 percent at a median price of $151,000.

— Greg Stiles

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