MEDFORD, Ore. — The number of homes on the market in the Rogue Valley has jumped dramatically over previous years, according to the Rogue Valley Association of Realtors (RVAR). In spite of that trend, however, sale prices and the number sales largely continues to climb.
Jackson County saw the number of homes on the market jump 26 percent in 2018, according to the Association—in Josephine County, it was a whopping 41.2 percent.
Compared to this time last year, the number of home sales in Jackson County has jumped 11.2 percent. Sales in Josephine County have actually managed to drop, coming in at 20.8 less than this time last year.
However, the biggest story has to do with prices. In Josephine County, the median price for a home has climbed 15.4 percent—to $248,200. Last year, the median price in Josephine was $215,000. Homes spent an average of 41 days on the market before they sold, according to the Association.
In Jackson County, the median price is now $269,900, up 6.5 percent over last year's $253,500. Homes tended to last about 37 days on the market—last year it was closer to 40.