This information is excerpted from my show "Real Estate Talk" airing every Saturday on 1580 KGAL
Market Update for 24 March
Residential Statistics since March 1, 2007
- Albany:
94 new listings
72 are still actively on the market
10 are pending sale, and
12 are under Contingent contracts.
Average price - $239,300. - Corvallis:
59 new listings
46 are still active,
3 are pending sale, and
10 are under a contingent contract.
Average price - $353,400 - Lebanon:
33 new listings
28 are still active
5 are currently contingent sales,
Average price of $190,700
Since the first of January, there have been 295 closings in the combined Albany, Corvallis, and Lebanon market.
153 of them in Albany, 90 in Corvallis, and 52 in Lebanon.
In total right now there are 511 homes on the market...in all categories in our area that means 3.4 months of inventory.
Broken down by city:
- Corvallis has Just over 5.4 month of inventory on the market
- Lebanon has right at 8 months, and
- Albany has 7.5 months of inventory.
Again, this is the BIG picture and the statistics for different categories will vary, but you can see the trend shifting toward a buyer's market in the mid-Valley.
Have a great week!
Dave Pautsch, MBA, CSP, REALTOR
Conser Realty and Associates
1010 Airport Rd SE
Albany, OR 97322
541 990-9368
dave@conserrealty.com
www.DavePautschRealEstate.com
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