Real Estate Market Statistics

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As I reported in March, the housing market in Astoria continues to move in a positive direction.

Following 5 years of a painfully slow real estate market the combination of rising consumer confidence, low interest rates and limited inventory seems to be fueling a recovery.

Quickly assessing the numbers for the city of Astoria, Oregon through May of this year shows slow but deliberate growth and signs of continued recovery. The year to date numbers through 5/25 show closed sales of single family homes increased 12.5% (units) while sold volume rose over 26.7% to $13.55 million compared to the same period a year ago.

The average price of a single family home sold YTD also increased from $191,010 to $215,144, a 12.6% increase compared to the same

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As we come into the spring selling season the Clatsop County real estate market continues to improve.

Current inventory levels are fairly low, and while there isn’t a shortage of homes for sale yet, if you ask any buyer actively looking there isn’t much to pick from once you exclude obviously over-priced listings.

If this trend continues we could begin to see modest price appreciation this year of 2-4%.

While buyer demand remains strong those buyers still demand a move-in ready home at a great price to even consider buying. If you are selling your home this spring take the extra time to cleanup, fix-up and price your property competitively.

Download the February Market Report Here

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