The Canby real estate market finished March with 29 closed sales which is up from the 24 & 18 closed sales recorded during the prior months of January and February respectively. Of the 29 closed sales in March, 1 was a distressed property (foreclosures/short sales) representing 3% of the closed sales for the month. As of the end of March, distressed properties accounted for 3% of the active listing inventory. There were 2 closed sales of homes valued over $500K during March and 6 closed sales in the three month period of January – March.

The inventory level is lowest in the up to $250K price bracket at 0.2 months and overall it is at 1.3 months worth across all price brackets based solely on the March Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 1.6 months worth across all price brackets.

The average sold price in March was $366K which is a decrease of $8K, compared to $374K in February. Meanwhile, the median sold price was $355K as well in March, down $19K from the prior month. The average price of the active listings was $512K as of the end of March while the median price for the active listings was $480K during the same period.

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New real estate listings in Canby (last 3 days):

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