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Canby Real Estate Market Trends Update – August 2017

The Canby real estate market finished June with 29 closed sales which is between the 15 & 35 closed sales recorded during the prior months of April and May respectively. Of the 29 closed sales in June, 2 were distressed properties (foreclosures/short sales) representing 7% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 4 closed sales of homes valued over $500K during June and 8 closed sales in the three month period of April – June.

The inventory level is lowest in the $251-500K price bracket at 1.2 months and overall it is at 1.6 months worth across all price brackets based solely on the June Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture increases slightly to 1.8 months worth across all price brackets.

The average sold price in June was $382K which is an increase of $8K, compared to $374K in May. Meanwhile, the median sold price was $335K in June, down $25K from the prior month. The average price of the active listings was $544K while the median price was $499K as of today.

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

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This post first appeared on Portland Oregon Real Estate And Homes | Executive, please read the originial post: here

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Canby Real Estate Market Trends Update – August 2017

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