The Albany Oregon real estate market, looks to be back on track…
Gains in number of sales, tell a positive story for Albany. Number of closed sales is up nearly 10% in the 12 months preceding January 2015 as compared to the 12 months preceding January 2014. Average sales price is up a healthy 4.6%, with house size down to 1583sf in 2015 as compared to 1633sf in 2014. Inventory is down nearly 25%. That is a significant number and is a factor that will likely influence activity into the new year. Average price per square foot is up from $106/sf in 2014 to $114/sf in 2015.
It’s good to have an understanding of market trends and what’s happening in the market at any given time. However, it’s not a good idea to try to apply those averages to an individual property. If you’re thinking of selling or buying, get in touch. I’ll help you put the market into perspective in reference to your individual home or situation.
Data compiled using information from the Willamette Valley Multiple Listing Service.