Corvallis and Albany Oregon Real Estate Market Update
Saturday, November 08, 2008
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Throughout our MLS (includes Salem) our average home sales prices are down 3.5% yr to date from 2007 yr to date. October's closed sales are down by 25% in number of sales and down yr to date by 33%
In Benton County the average sales price is $303,000 and in Linn County it is $194,302 (1.1% down in Benton from 2007 and negligible change in Linn County)
In both counties the % sale to list price is 94.1%
In Benton County the days on market is 131, whereas in Linn it is 145
In Benton County the average dollar per sq ft is 159 compared to 126 in Linn County
We are not suffereing like many areas across the country!