Home Prices Rising Fast In Medford

, Posted: Fri, May 25 2012 at 8:02 AM, Updated: Fri, May 25 2012 at 9:07 AM

3 Oregon towns rank top five in the country as hot spots where home prices are rising the fastest.

Yahoo Finance is reporting Medford, Eugene, and Corvallis fill the top five cities experiencing housing market recovery.

Yuma, Arizona and Madera, California complete the list.

Medford takes 2nd place thanks to the lowest housing inventory in 6 years, paired with a high amount of buyers.

Officials say one factor that could hinder the market is the unemployment rate, which is well above the national average at 11.7%.

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