This is the weekly Market Update from my radio show "Real Estate Talk with Dave Pautsch" airing on KGAL AM 1580 every Saturday morning from 10-11am.
Market Update for May 19, 2007
Albany
- Homes SOLD since January 1, 2007 - 302 (60.4 Sales per month)
- Average Price - $204,525
- Average $/Sq Ft - $130
- Average Days on the Market - 125.6
- Current Active Listings - 391
- Average Price of Active Listings - $266,500
- Months of Inventory - 6.5 Albany is in a marginal BUYER'S Market at this time. Buyer activity is picking up, but inventories are also increasing across the market.
Corvallis
- Homes SOLD since January 1, 2007 - 189 (37.8 Sales per month)
- Average Price - $252,670
- Average $/Sq Ft - $162.90
- Average Days on the Market - 106.9
- Current Active Listings - 149
- Average Price of Active Listings - $360,200
- Months of Inventory - 3.9 Corvallis reamains in a solid SELLER'S Market.
Lebanon
- Homes SOLD since January 1, 2007 - 95 (20.6 Sales per month)
- Average Price - $154,834
- Average $/Sq Ft - $122.50
- Average Days on the Market - 96.5
- Current Active Listings - 135
- Average Price of Active Listings - $237,800
- Months of Inventory - 6.6 Lebanon is in transition, and appears to be shifting to a BUYER'S Market; it is interesting to note that the DOM statistic is the fastest of the three local areas.
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