While existing home sales across the US fell 4.9% December 2014 to January 2015, sales were up 3.2% in January from a year ago according to the National Association of REALTORS®. Locally, Central Oregon has seen a similar trend. In Deschutes County existing home sales fell 18.2% between December 2014 and January 2015. However, sales were up 31.6% in January 2015 over January 2014. Jefferson County saw a 10.7% decrease from December 2014 to January 2015, but with an 8.7% in January 2015 over January 2014. Crook County was the exception, with a 56.2% decrease from December 2014 to January 2015 and a 36.4% decrease in January 2015 compared to January 2014. Nationally, median existing home prices were at $199,600 in January 2015, a 6.2% increase over January 2014. In Deschutes County the median price rose to $278,000 in January 2015 from $249,000 in January 2014. In Crook County, the median home price is also on the rise from $128,000 in January 2015 over $139,000 in January 2015. Jefferson County saw the most drastic increase rising from $93,000 to $153,000 in January 2015 compared to January 2014. The rise in home prices across the board signals an improving housing market after drastic price reductions during the recession.
from Alicia Wobbe Real Estate http://ift.tt/21Lt78M
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