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Jackson real estate jumps

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High Five
Tuesday, October 27, 2009

As a result of foreclosures and short sales, 233 sales are pending in Jackson County. The significant sales increase over the year before has some seeing an end to the local housing slump.

The latest figures compiled by Southern Oregon Multiple Listing Service show 233 pending sales — 44.7 percent more than a year ago. New listings, meanwhile, have declined, helping to reduce the bloated inventory that accumulated after the housing bubble burst four years ago.
"Pending sales are really up, and from our perspective that's a good indication of where the real estate market is headed," said Steve Blanton, chief executive officer for the SOMLS and Rogue Valley Association of Realtors.

Read the full story at the Mail Tribune.

{biztweet}Jackson County Oregon housing{/biztweet}

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