New figures from the Regional Multiple Listing Service known as RMLS show a 20.3% annual increase in Woodburn home prices over the past year. With an average selling price of $177,200, Woodburn’s housing market is returning to what some describe as the ‘pre-2008 bust’ boom.
Making this phenomenon even more remarkable is that price increases usually don’t coincide with a rise in home inventory. Yet, our region has seen a recent increase to 6.1 months of housing backlog.
Regional Home Inventory in Months
View the complete report on Woodburn homes by clicking here, or on the Market Action image below. Make sure to check out page two of this report for interesting specifics, like the average sale price and market time for Woodburn and other nearby towns.
Click Image For Free Report
