New figures were just released on Woodburn real estate and like a blossoming flower, they’re pretty to look at. Let’s begin by seeing what’s changed most dramatically.
Helping Woodburn home prices is a markedly decreased regional inventory of homes. An oft-quoted ‘normal’ home inventory range is 3 to 6 months of supply. Our region has just dipped below this and is trending toward inventory more commonly found in a ‘seller’s market.’ This reduction in competing homes for sale indicates a trend toward more buyers than sellers. This typically helps boost prices.
Woodburn By The Numbers
There’s a lot more to like in this new Woodburn real estate report, including the 9.9% increase in Woodburn home prices over the past year. Woodburn’s rate of home price increase dwarfs the surrounding area increase of 5.6%. As a result, Woodburn home prices are clearly growing better than average.
But There’s More
As noted in the table above, with a reasonable 56 day average house marketing time and a healthy $192,700 average selling price, it’s clear that Woodburn real estate is performing nicely.
It’s All Here
Read this latest housing report, with Woodburn details on page #2 from the Regional Multiple Listing Service by clicking here or on the image below.
Thinking of Selling?
Right now there are fewer homesellers competing for a growing number of Woodburn homebuyers. Given indications suggesting a ‘seller’s market,’ plus buyer-friendly low interest rates, this could be a terrific time to sell. Don’t delay. If competing inventory and interest rates jump, then ‘the bloom is off the rose.’
Contact The Woodburn Experts
Contact our WoodburnHomes.com sponsor, Certified Realty using the convenient form below. They’ll provide you with a free consultation, including what your Woodburn area property could sell for in today’s market.