Real estate market shows improvement

Non-distressed, existing home sales overtook foreclosures and short sales in Jackson County during the May, June and July.

Southern Oregon Multiple Listing Service figures showed normal transactions accounted for 52 percent of housing sales during that period, with a median price of $205,000. Foreclosures sold by lenders accounted for 31 percents of the deals at a median of $132,000, and short sales covered 17 percent of the activity at a median of $139,325.

Overall, the pace of sales grew 13.2 percent versus a similar period in 2011 as 592 houses exchanged hands from May through July, up from 523 last year. The median sales price for the county rose 10 percent to $165,000, from $150,000 a year ago, while market time declined to 65 days from 95 in 2011.

— Greg Stiles

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