Canby Oregon Real Estate Market Update
The real estate market in Canby finished December with 17 closed sales, up from 15 & 10 sales recorded during November and October respectively. Of the 17 closed sales in December, 8 were distressed properties (foreclosures/short sales). There were 14 closed sales of homes valued $250K or more over the period of October – December. The inventory level is lowest in the under $250K price bracket at 7.1 months and overall it is at 9.1 months worth across all price brackets.
Average sold prices in December ($195K) decreased by $49K, compared to $244K in November. Similarly, median sold prices in December declined to $199K from $245K in November. The average price of the active listings ($291K) is higher than the sold prices in December by $96K while the median price for the active listings ($250K) is up $51K over the comparable median sold prices in December.
