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What’s Happening In The Albany, Oregon Real Estate Market??

Looking for signs that the market has changed?
There are not many clearer than these numbers. All information applies to Albany, Oregon residential real estate.

Statistics like these best serve as a guide to market conditions. Price per square foot and average days on the market are not values that can be applied to a specific home. If you are interested in specific information please let me know.

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Number of closed properties:

April 2012-409
April 2013-509
Up 24%

 

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Average Sales Price:

April 2012-$155,093
April 2013-$160,103
Up 3.23%

 

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Average Cost per Square Foot:

April 2012-$100
April 2013-$100
No change

 

WebAverage Days on Market:

April 2012-143
April 2013-135
Down 5.59%

 

 

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Currently Active:

April 2012-249
April 2013-176
Down 29%

Current number of months inventory available for sale, 4.15. Inventory at 6 months is a “balanced” market. Below 6 months is a seller’s market. It appears that we are in a seller’s market.

If you are interested in buying or selling real estate in Albany or Corvallis or have more questions about the market, please contact me!

Source: Willamette Valley Multiple Listing Service. Data includes residential and residential with acreage properties year-on-year 12 month calculations.

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