Recent statistics from the Regional Multiple Listing Service known as RMLS reveal greater Canby area home prices are up by 14.6% over the past year, or more than 1% a month. Click on the chart image below to enlarge it.
Increased home prices are likely due to the continued low inventory of available homes for sale. With 3 to 6 months frequently cited as an average inventory range of homes under normal conditions, our current 1.4 months of regional home supply suggests a sustained seller’s market.
Regional Home Inventory in Months
The average market time to sell a Canby home is approximately 54 days. Interestingly, the total number of sales in the most recent month was actually down by about 4.6%. View the complete report by clicking here.
Thinking about selling your Canby area home in this strong seller’s market? Contact Certified Realty, your CanbyHomes.com sponsor for a free price analysis on your property using the convenient form below, or call them at 800-637-1950.
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