Thursday, June 26, 2008

Southern Oregon Real Estate Down 18% From A Year Ago

From the MailTribune:

Locally, in figures released earlier this month by the Rogue Valley Association of Realtors, new home median prices dropped by 18.5 percent in May compared with May of 2007. The median price in May was $242,000, while it was $297,000 a year earlier. For March through May, 76 new homes were reported sold, down from 87 sold in the same period in 2007.