New figures on Woodburn, Oregon real estate are now available. While the results are a bit mixed, there’s plenty of room for optimism as we head into what is traditionally one of our best seasons for Willamette Valley real estate.
Woodburn’s Historic Settlemier House
Woodburn Home Sales Up The good news is that Woodburn home sales are up dramatically. View the full report on Woodburn real estate here, or by clicking on the Market Action image below and check out page 2 for specifics on other local towns and neighborhoods.
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In fact, home sales are up 21.9% compared to the prior month tabulated. It’s more than a passing trend, too, because over the prior year, the number of sold Woodburn homes is up 19.3%.
Woodburn Home Statistics-Click to Enlarge
Inventory A Factor Less noteworthy is the change in Woodburn home prices. This is likely due in part to the still significant backlog of homes on the market throughout the region. As a result, Woodburn homesellers are competing in earnest with each other and it remains a buyer’s market. Our region also has 6.3 months of housing backlog to work through.
Regional Home Inventory in Months
Woodburn Home Prices Mixed
According to the Regional Multiple Listing Service (RMLS), Woodburn home prices have changed by -2.7% over the past year. More encouraging is the change in local prices over the prior month tabulated. The Willamette Valley Multiple Listing Service (WVMLS) reports Woodburn homes are selling 1% higher over the most recent month.
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