This week marks the arrival of Spring, presenting sellers of Woodburn homes with some of our best home selling weather. As a result, this is traditionally the time of year when many Woodburn home sellers consider placing their property on the market.
Better weather can only help the market for Woodburn homes, which saw relatively little change in prices over the past year. In fact the average price change in Woodburn home sales over the past twelve months was -0.4%.
However the scenario of Woodburn’s stalled home prices may soon change. That’s because the latest report on area home inventory shows a significant drop in our backlog of homes for sale. As a result, our region would now ‘run out of homes’ to sell in 7.1 months, a dramatic 1.8 month inventory drop over the past 30 days reported. Such a reduction in housing supply tends to spur demand.
And while Woodburn home prices have been virtually flat, the latest Regional Multiple Listing Service report confirms the number of Woodburn home sales are up by 23.3% over the past year. According to recent figures, the average price for a Woodburn home is now $182,700, with the average time on market at 204 days.
Read the complete FREE report on Woodburn area homes here, or by clicking on the Market Action image below. Check out page two for details on other local towns and neighborhoods.
Thinking about selling your Woodburn home? Contact our sponsor, Certified Realty using the convenient form below for a FREE report on what your Woodburn home could sell for in today’s real estate market.