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Jackson County's median home price sees small increase

 Posted: 11:00 AM March 04, 2014

The median price for single-family homes in Jackson County barely crept up during a three-month period ending Feb. 28 as fewer sales were registered.

The median prices for local residences between Dec. 1 and the end of February was $185,000, up 0.8 percent from $183,500 a year earlier, according to figures compiled by Southern Oregon Multiple Listing Service. The median for February alone, however, slipped to $189,500 from $196,750 in 2013.

Activity diminished 16 percent during the winter months, with 347 residential deals closing, compared with 413 a year ago. That suggests careful attention will be paid to spring trends, when more homes typically go on the market.

The median price for a rural home in Jackson County rose 35.6 percent to $295,000 from $217,500. There were 81 rural homes sold during the rolling quarter.

The median price for sales in Ashland was $337,500 during the period, while Jacksonville's median was $311,325. The lone year-over-year decline was in Central Point, where the median price fell 2.9 percent to $161,450.

In Josephine County, the median price for urban homes rose 4.3 percent during the three-month period to $157,500, up from $151,000.

— Greg Stiles

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