This chart shows the sold activity for the past three months ending October 31st this year. As I mentioned in my post yesterday, we have a lot of homes available for sale. To turn that statement into solid numbers, I just took a look at the number of residential homes available in these same cities, and the result was astounding. Keep in mind that these are all the homes that no one as yet has decided to purchase - the homes you could go out today and see. The total for all these cities is 1018 homes! That total breaks down as follows...
Albany - 431 homes averaging $266,296 and 115.8 days on the market.
Brownsville - 12 homes averaging $268,490 and 142.5 days on the market.
Corvallis - 239 homes averaging $353,308 and 89.0 days on the market.
Lebanon - 163 homes averaging $221,412 and 96.3 days on the market.
Philomath - 62 homes averaging $308,034 and 103.7 days on the market.
Sweet Home - 111 homes averaging $198,717 and 104.0 days on the market.
Even though the number of available homes is up significantly, you can see from the sold stats that the prices are holding steady. We're not in a declining market here as the media would lead you to believe. We have a strong market with a great selection of homes. Take advantage of it!
Questions?
Comments?
Let me hear from you! Chuck@Corvallis-Homes-for-Sale.com
Until next time...
