Southern Oregon Real Estate Prices Down, But Sales Up

Jackson County real estate sales for the three-month period ending Feb. 28, gained steam with 401 units sold compared to 378 for a corresponding period a year earlier, according to Southern Oregon Multiple Listing Service.

That’s considered a good sign, considering the federal tax incentives that spurred activity a year ago have expired.

Most of the homes, however, fell into the distressed sale category, helping lower the median prices to $142,840 for the three-month period from $176,750 12 months earlier. For the month of February alone, the median sale was marginally better at $152,000, down from February 2010’s $169,500 median price.

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Full Story from The Mail Tribune

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