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    Local Real Estate Update for July 11, 2025

    Mary Gilbert of Keller Williams Southern Oregon's Mary Gilbert Group provides an overview of the current local real estate market.

    Home prices in Jackson and Josephine counties have seen a slight decrease over the past month, with the median sales price dropping by about $10,000. However, year-over-year, home prices are still up around 5%. The number of active listings has increased, giving buyers more options to choose from.

    In terms of sales, the number of closed transactions is down compared to this time last year, but the total dollar volume of sales remains relatively steady. This suggests that while there may be fewer deals happening, those that are closing are often larger and more expensive properties.

    The local real estate market continues to experience a balanced mix of buyer and seller activity, with no clear indication of a shift towards a buyer's or seller's market.