Year End Real Estate Statistics
Albany Oregon’s 2013 real estate market showed a marked improvement over 2012 and is the best year in the last 8 in terms of volume of sales and price appreciation.
Volume of sale is up 47 units, which translates into about 10% more transactions closed than in 2012. Average sales price is up about 7%; days on market does not reflect significant change (just 3 days fewer than 2012). The year closed out with around 13% fewer active listings than 2012 a reduction of 24. This reflects a huge reduction over the “high” year of 2008 with less than half the number of active listings (a 55% reduction of available for sale inventory). As of year end, the number of months of available residential listings was 3.63 (based on a 12 month cycle), and is an indicator of a seller’s market.
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