Taking a look at some of the markets we work in, ALL are still in a Seller’s market with a hovering MAI, and most have decreased inventory.
Fall Colors on beautiful Stafford Rd. in Oregon’s Willamette Valley.
Aurora, OR
This week the median list price for Aurora, OR is $979,000 with the market action index hovering around 39. This is an increase over last month’s market action index of 37. Inventory has decreased to 7. While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Canby, OR
This week the median list price for Canby, OR 97013 is $679,925 with the market action index hovering around 54. This is less than last month’s market action index of 57. Inventory has decreased to 42. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Forest Grove, OR
This week the median list price for Forest Grove, OR is $604,950 with the market action index hovering around 47. This is less than last month’s market action index of 54. Inventory has increased to 48. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Oregon City, OR
This week the median list price for Oregon City, OR is $698,950 with the market action index hovering around 51. This is less than last month’s market action index of 59. Inventory has decreased to 96. The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone.
Wilsonville, OR
This week the median list price for Wilsonville, OR is $788,975 with the market action index hovering around 59. This is an increase over last month’s market action index of 56. Inventory has decreased to 26. The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
