Sales of existing homes in Jackson County from March to May rose 44.3 percent compared to last year.
The spring increase in sales makes it the third straight three-month interval of double-digit increases in home sales.
“We’ve seen a very impressive pattern of growth in existing home sales,” said Steve Blanton, chief executive of the Rogue Valley Association of Realtors and SOMLS. “Consumers are deciding that conditions favor their re-entry into the market.”
The median sales price for Jackson County homes during the three-month period dropped to $190,000, exactly where it stood in 2004. The median price is the “middle” price — there were as many above $190,000 as below. While the falling median price reflects a normalization of the market, real estate professionals say the future course is still unclear as the high season of home-buying begins.
Read the full story in the Mail Tribune.