Industry News

House prices climb a bit more slowly

By Greg Stiles | Mail Tribune

The Jackson County real estate market appears moving closer to balance between buyers and sellers.

There is still a ways to go, however, based on the latest sales figures compiled by the Southern Oregon Multiple Listing Service.

During the past five years, the median sales price for single-family residences has escalated nearly 10 percent a year. For the three-month period ending Nov. 30, however, the median sales price of $268,000 was 7.2 percent higher than the $250,000 figure of a year ago — a slower rate of increase, but still a bit too much for a healthy long-term market.

 

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