New figures from the Regional Multiple Listing Service known as RMLS reveal a recent uptick in Woodburn area home inventory. Usually when the housing backlog rises, this means that prices decline. Yet, despite there being more homes for sale, year-to-date Woodburn home prices have grown markedly.
Woodburn Area Real Estate By The Numbers
Marion County home inventory remains significantly higher than neighboring counties and recently experienced a 17% housing backlog increase.
Regional home inventory is now at 6.1 months. This figure is considered by some real estate experts as close to ‘parity’ between buyers and sellers, where it is neither a ‘buyers’ or ‘seller’s market.
As seen in the above table, Woodburn home prices are up 20.3% over the past year.
Check out page #2 of the report for specific information, like average selling price and days on market, for other nearby towns and neighborhoods.
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