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County home sales rise again in April

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 Posted: 12:00 PM May 05, 2010

Sales of Jackson County homes soared again in April as buyers scrambled to take advantages of tax credits that expired at the end of the month.

For the three-month period ending April 30, Southern Oregon Multiple Listing Service reported 433 single-family residences exchanged hands, compared to 371 for the same period in 2009, a 16.7 percent increase.

The median sales price declined 15.4 percent to $164,900 from $195,000 a year ago.

Distressed properties — foreclosures, bank-owned houses, short sales and such — accounted for 49 percent of the existing-home sales. The median price of bank-owned properties was $132,750, while short sales came in at $155,000 for the reporting period. Other transactions show a median price of $198,900.

West Medford and White City were most resistant to declining prices during the period. West Medford's median price fell 5.6 percent to $125,000, while White City's median slipped 3 percent to $137,675.

The May 1 inventory of homes on the market declined 8.8 percent to 2,019.

— Greg Stiles


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