Real Estate Market: If You Can Afford the Mortgage, Buy
The Real Estate Market over the last 90 days features a housing shortage amidst a strong demand for housing. In Albany, the average sales price increased over the last 90 days to $384,687 and in Corvallis to $466,706. Median home prices increased in Albany to $384000, and in Corvallis to $440,000. In Albany, average days on market is down to 82 days, but stayed the same in Corvallis at 67 days.
In Lebanon over the last 90 days, the average home price is lower than in either Corvallis or Albany at $310,546. The median sales price there is up to $301,500, with homes spending an average of 56 days on the market.
The number of listings on the market rose to 36 listings active in the MLS in Albany, equaling less than half a month of inventory, and 37 active listings in Corvallis, which accounts for just under one month of inventory. In Lebanon there are currently 16 active…