A new report from the Regional Multiple Listing Service (RMLS) confirms that Woodburn, Oregon home values continue on the upswing. Home prices are up 12.1% over the past year, with the number of home sales up 28.1% in May, the most recent month recorded.
Helping to explain our pace of more than 1% annual home price increases is a relatively low regional supply of homes. Because a home supply lasting between 3 to 6 months is frequently cited as a ‘normal,’ our regional home inventory figure of 2.6 months suggests Woodburn area home sellers now have a slight advantage.
Thinking about selling your Woodburn area property in this terrific seller’s market? Contact Certified Realty for a free market analysis to find out what your property could sell for by using the convenient contact form below, or call (800) 637-1950.