How did the real estate market do in January of this year? No homes with 5 acres or more sold in January, and there was also very few on the market, 6 to be exact. That's pretty typical for a 30 day period, especially in January. But, homes on 1-4.99 acres did sell, and for more money on average that homes on the same size land in 2019. They also sold slightly faster. For homes in town, or under 1 acre, we saw an increase in the average sales price, but it also took longer for those homes to sell. Perhaps it is worth the wait to sellers to get a little more in their pocket!
Below is a snippit of the infograph, which can be seen in full by clicking the link for Albany Oregon Real Estate Update 2020.