Once again, Albany, Oregon’s market is reflecting a market in recovery.
Inventory is down 17%, prices are up 5.5%, volume of homes sold is up over 7% and available inventory is down 18%. Albany’s market is showing all of the signs of a good recovery. This is sustained by affordable home prices and low interest rates. Much of the distressed inventory has been absorbed.
Average price per square foot is $114.00/sf up from $105.00/sf posted at the same time frame 12 moths ago. Average size of home is 1,595 as compared to 1,637 fairly consistent, supporting the actual increase in price per square foot (indicative of appreciation).