Here’s a look at the monthly real estate statistics and what’s happening in real estate in the Mid-Willamette Valley for November 2024. If you would like to chat about our current local market and how it affects you and your real estate goals, contact me!
In the Corvallis market, we are seeing an increase in average price, but inventory has dipped slightly, which is indicative of the season. The number of homes sold is hovering just under the number of active homes on the market, which means that even with an increase in average sales price and the current mortgage rates, homes are still selling. The November monthly statistics also show that most price points have a low monthly inventory, meaning less competition if you’re selling a home within one of those ranges.
In the Albany market, the November monthly real estate statistics show that we’ve seen an increase in inventory within the past year, without much change in average home price. Overall the Albany market is looking pretty solid across the board. If you’re selling and you price it right, there’s a buyer out there waiting to purchase it. If you’re a buyer, there are homes to choose from and you don’t have to settle with the first home you stumble across.
For a more in-depth look at our local market statistics, please check out past months HERE. If you want additional insight, please contact me!
