Lebanon Oregon saw a handful of homes on acreage sell in February. The average selling price was 98.5% of the asking price, and for homes on 1-5 acres, they took an average of 93 days to sell, from the day they listed to the day they closed in escrow. While that was 10 days longer than homes on acreage sold in January, it still appears to be a Seller's Market for homes on 1-5 acres in Lebanon. There are currently 2 months of inventory, indicating a strong Seller's Market. For now, once the March data is out, we will start to see the affects of the Corona Virus on the local real estate market. Several clients have called this week to get advise on how to proceed. At this time we are in a holding pattern, not knowing what the future holds. So, if you have to sell, or want to sell in the near future, it's best to do it now, because we have no idea how long this will last.
NOTICE: Due to the current virus, all real estate consultations are done over the phone or via email until further notice.