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.
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
Oregon City, OR