Below are the highlights from the recent SOMLS data released for sales in Ashland, Medford, and Jackson County:
Ashland - 45 more homes in 2009 than 2008. The median sales price for existing home sales went down from $375,000 to $328,125.
Medford - 184 more homes in 2009 than 2008. The median sales price for exisitng home sales went down from $175,000 to $134,000 in W. Medford and $239,500 to $205,950.
Countywide 387 more homes in 2009 than 2008. The median sales price for existing home sales went down from $225,000 to $186,000 (-17.3%).
Note that the median price decline does not mean sales prices went down county wide by 17.3% rather that the number of homes selling in the lower price range due to the first time home buyer credit caused the median home price to be lower than in 2008.
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