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Market Report: Absorption Rates for Corvallis, OR August 2014

Corvallis
Price Range Active Listings as of 9/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 * 2 0.33 * 352
$100,000 – $149,999 2 3 0.50 4.00 49
$150,000 – $199,999 18 30 5.00 3.60 105
$200,000 – $249,999 37 85 14.17 2.61 81
$250,000 – $299,999 20 70 11.67 1.71 83
$300,000 – $349,999 29 56 9.33 3.11 95
$350,000 – $399,999 22 26 4.33 5.08 85
$400,000 – $449,999 16 27 4.50 3.56 128
$450,000 – $499,999 17 12 2.00 8.50 132
$500,000 – $599,999 7 11 1.83 3.82 90
$600,000 – $699,999 4 5 0.83 4.80 66
$700,000 + 2 1 0.17 12.00 157
174 328 3.18 119

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Corvallis expands bilingual education

In a recent post in the Gazette-Times, it’s been noted that schools in Corvallis are increasing their options for bilingual education. It’s been shown that children learn new languages much easier, so it’s the hope that by expanding the curriculum and hiring bilingual teachers and assistants that it will encourage children to learn to be multi-lingual. By giving them access to resources in their native language (be it English or Spanish) as well as teaching in the foreign language, it will allow them to have a better, more well-rounded learning experience, according to the article.

In addition, a new preschool with the intent of teaching children to speak both English and Spanish interchangeably will be opening soon.

To read the full article, click here!

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Market Report: Absorption Rates for Corvallis, OR July 2014

Corvallis
Price Range Active Listings as of 8/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 * 2 0.33 * 352
$100,000 – $149,999 3 3 0.50 6.00 49
$150,000 – $199,999 20 25 4.17 4.80 98
$200,000 – $249,999 38 85 14.17 2.68 82
$250,000 – $299,999 27 60 10.00 2.70 87
$300,000 – $349,999 27 45 7.50 3.60 100
$350,000 – $399,999 22 24 4.00 5.50 91
$400,000 – $449,999 15 22 3.67 4.09 140
$450,000 – $499,999 17 10 1.67 10.20 96
$500,000 – $599,999 14 11 1.83 7.64 90
$600,000 – $699,999 2 2 0.33 6.00 57
$700,000 + 3 * 0.00 * *
188 289 3.90 113

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR June 2014

Corvallis
Price Range Active Listings as of 7/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 * 3 0.50 * 249
$100,000 – $149,999 4 1 0.17 24.00 98
$150,000 – $199,999 10 23 3.83 2.61 99
$200,000 – $249,999 26 79 13.17 1.97 80
$250,000 – $299,999 23 44 7.33 3.14 99
$300,000 – $349,999 21 36 6.00 3.50 110
$350,000 – $399,999 19 19 3.17 6.00 96
$400,000 – $449,999 15 17 2.83 5.29 138
$450,000 – $499,999 18 9 1.50 12.00 93
$500,000 – $599,999 10 8 1.33 7.50 99
$600,000 – $699,999 3 2 0.33 9.00 57
$700,000 + 4 * 0.00 * *
153 241 3.81 111

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR May 2014

Corvallis
Price Range Active Listings as of 6/6/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 * 4 0.67 * 209
$100,000 – $149,999 2 * 0.00 * *
$150,000 – $199,999 11 20 3.33 3.30 88
$200,000 – $249,999 21 67 11.17 1.88 80
$250,000 – $299,999 28 36 6.00 4.67 90
$300,000 – $349,999 24 30 5.00 4.80 97
$350,000 – $399,999 14 20 3.33 4.20 91
$400,000 – $449,999 18 17 2.83 6.35 122
$450,000 – $499,999 17 5 0.83 20.40 70
$500,000 – $599,999 8 7 1.17 6.86 104
$600,000 – $699,999 2 2 0.33 6.00 57
$700,000 + 2 * 0.00 * *
147 208 4.24 101

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR April 2014

Corvallis
Price Range Active Listings as of 5/8/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 * 4 0.67 * 209
$100,000 – $149,999 2 * 0.00 * *
$150,000 – $199,999 10 19 3.17 3.16 83
$200,000 – $249,999 32 59 9.83 3.25 75
$250,000 – $299,999 26 35 5.83 4.46 94
$300,000 – $349,999 19 24 4.00 4.75 109
$350,000 – $399,999 10 19 3.17 3.16 79
$400,000 – $449,999 17 16 2.67 6.38 95
$450,000 – $499,999 13 7 1.17 11.14 69
$500,000 – $599,999 10 6 1.00 10.00 106
$600,000 – $699,999 4 * 0.00 * *
$700,000 + 3 * 0.00 * *
146 189 4.63 102

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR March 2014

Corvallis
Price Range Active Listings as of 4/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 4 0.67 1.50 94
$100,000 – $149,999 2 3 0.50 4.00 94
$150,000 – $199,999 15 22 3.67 4.09 108
$200,000 – $249,999 30 57 9.50 3.16 76
$250,000 – $299,999 20 34 5.67 3.53 87
$300,000 – $349,999 22 29 4.83 4.55 99
$350,000 – $399,999 12 19 3.17 3.79 85
$400,000 – $449,999 12 17 2.83 4.24 99
$450,000 – $499,999 9 6 1.00 9.00 60
$500,000 – $599,999 8 5 0.83 9.60 171
$600,000 – $699,999 1 * 0.00 * *
$700,000 + 3 * 0.00 * *
135 196 4.13 97
Posted in Corvallis Updates, Market Reports | No Comments »

Market Report: Absorption Rates for Corvallis, OR February 2014

Corvallis
Price Range Active Listings as of 3/7/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 4 0.67 1.50 94
$100,000 – $149,999 2 4 0.67 3.00 87
$150,000 – $199,999 13 23 3.83 3.39 102
$200,000 – $249,999 25 67 11.17 2.24 80
$250,000 – $299,999 27 41 6.83 3.95 81
$300,000 – $349,999 23 32 5.33 4.31 90
$350,000 – $399,999 11 21 3.50 3.14 91
$400,000 – $449,999 10 17 2.83 3.53 121
$450,000 – $499,999 13 7 1.17 11.14 84
$500,000 – $599,999 7 4 0.67 10.50 203
$600,000 – $699,999 1 1 0.17 6.00 79
$700,000 + 2 1 0.17 12.00 116
135 222 3.65 102

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Want to see the past rate tables and do the comparison for yourself?

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Market Report: Absorption Rates for Corvallis, OR January 2014

Corvallis
Price Range Active Listings as of 2/6/2014 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds
$0 – $99,999 1 3 0.50 2.00 110
$100,000 – $149,999 2 7 1.17 * 83
$150,000 – $199,999 8 39 6.50 1.23 92
$200,000 – $249,999 28 84 14.00 2.00 78
$250,000 – $299,999 27 67 11.17 2.42 89
$300,000 – $349,999 13 52 8.67 1.50 83
$350,000 – $399,999 13 31 5.17 2.52 83
$400,000 – $449,999 11 23 3.83 2.87 103
$450,000 – $499,999 8 8 1.33 6.00 82
$500,000 – $599,999 8 11 1.83 4.36 186
$600,000 – $699,999 2 1 0.17 12.00 79
$700,000 + 2 1 0.17 12.00 116
123 327 2.26 99

What is an Absorption Rate, and why does it matter?

The table above shows the rate at which the homes for sale are being sold. As the rate goes down, it indicates that the “inventory” (in this case, homes for sale in that area) is declining. More homes are being sold than are being listed. As the rate goes up, it implies that there are more homes coming on the market than there are buyers ready to purchase.

The Absorption Rate tells you how well the market is “absorbing” the current inventory of listings. This also tells you whether it is a better time to buy or sell. Hence the terms “Seller’s Market” and “Buyer’s Market”.

Posted in Corvallis Updates, Market Reports | No Comments »

Home Prices are Growing!

According to this article on CNNMoney, Corvallis home prices have been on the upswing. This is great news for the sellers, since it means that their homes are worth more and therefore fetch a higher sales price. The rental community has grown leaps and bounds too, since enrollment in OSU is up!

The downside? Inventory of homes for sale is limited. Prices are going up, yes, but availability is going down. Now is the best time for a Seller to put their house on the market and ride the wave!

Want a professional opinion of what your house might sell for? Call or email me for your FREE Comparative Market Analysis!

Posted in Buyer Tips, Corvallis Updates, Market Reports, Seller Tips | No Comments »