Greg Stiles | Mail Tribune
Finding a house for less than $275,000 has been a chore for local home buyers. The trend might continue for a while, but that could change later this year.
The median price for an existing Jackson County home sold between Nov. 1 and Jan. 31 climbed 8.9 percent to $268,350 from $246,500 a year ago, according to figures compiled by the Southern Oregon Multiple Listing Service.
…“If interest rates climb, things will slow down because buyers will be qualifying for less,” said Bryan Schlafke, an agent with John L. Scott Real Estate in Medford. “When that happens, sellers will have to slow down a little.”