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Jackson County home prices still climbing

 Posted: 12:45 PM October 03, 2013

The pace of existing home sales in Jackson County slowed in the third quarter, but the median price rose in most areas.

Figures compiled by Southern Oregon Multiple Listing Service showed the county's median sales price climbed 17.7 percent, to $200,000 from $169,900, for a three-month period ending Sept. 30. In September alone, the median was $210,000.

With the exception of the Upper Rogue region — accounting for about 9 percent of transactions — every area showed rising medians, led by Jacksonville, Gold Hill and Rogue River.

The number of deals declined by 9.7 percent for the three-month period, to 522 transactions from 578 for the similar period in 2012.

The turn-around time for homes that sold during the quarter was 46 days, down from 58 days a year earlier.

The inventory of homes on the market grew 3.4 percent over last year as 1,178 homes were in the SOMLS system as of Sept. 30.

In neighboring Josephine County, the three-month median for existing homes picked up 11.3 percent, to $172,500 from $155,000. There were 129 transactions during the period, compared to 111 in 2012.

— Greg Stiles

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