Sales Statistics for Corvallis Oregon Residential Real Estate
Corvallis Oregon Residential Sales Statistics as of November 30, 2009
The following sales statistics include comparisons of number of sales, average sales price and price range volume. Data includes residential sales for Corvallis, OR (no condo and/or manufactured homes or acreage.)
The 2009 average sales price reflects a drop from the 2007 high. This shows a shift in sales volume from the higher sales price range to the lower-middle sales price range. It does not mean that the value/price of an individual property has dropped by a specific amount or percentage. When the sales volume (number of sales in a specific price range) shifts from one price point to another, there will be a change in the average.
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The numberof closed sales in the early part of 2009 was off significantly from prior years. This 2009 year has been unusual in that the seasonal adjustment typically seen has been lower than in prior years. Homebuyer credits and low interest rates have contributed to stronger sales in summer and fall and to the higher number of transaction in the lower price range. The number of closed transactions for 2009 compared to 2006 (January 1 through November 30) is down 37%; 2007 compared to 2009 is down 29.5%; 2008 compared to 2009 is down 11.5%. It should be noted that 2006 and 2009 were unusual years in opposite extremes. Somewhere in the middle a return to normal will appear. It appears that the market is returning to a more normal, balanced supply and demand status.
Note: Sales statistics are for the year-to-date period ending 11/30/09 and include Corvallis residential properties, no manufactured homes or condominiums, under one acreage. Data source Willamette Valley MLS.
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