The leaves are beautiful and the real estate market has been crazy this year with low inventories and rising prices.
You can see from the chart that back in January of 2016 the average $/sqft was around $135. Now we are around $170. The chart shows monthly mean(average) and median values. Blue lines and curves are mean and green lines and curves are median. The numbers below each monthly plot point are (from top to bottom): Mean/median sqft, $/sqft, percent that month represents of all sales in the chart by count, days on market (DOM), lot acres, and actual number of sales.
The 3 bed, 2 bath, on a less-than-1-acre lot is still the best seller representing about 35% of total residential homes sales by count. The 4×3 and 3×3 are each about 12% and the 3×1 is 8%.
The top selling cities for residential sales by count are:
- Salem 39%
- Keizer 13%
- Corvallis 6%
- Lebanon 5%
- Dallas 4%
- Sweet Home 3%
Here are the charts for these cities showing the average sold data since January 2016.
Inventory is still low and under 2900!
If you have been following our Active Properties Update pages then you know that I devote a lot of attention to posting up-to-the-half-hour updates on the market. These updates include many views that I hope you find helpful. You can find the link to the Active Properties Update pages in the main menu.
All numbers are based on my findings and may not agree with actual facts. Data is courtesy of Willamette Valley Multiple Listing Service which represents a subset of total real estate transactions in the area mostly South of Portland and North of Eugene. Not to be viewed as investment advice. You have to make your own decisions.