The Canby real estate market finished July with 31 closed sales which up from the 29 & 26 closed sales recorded during the prior months of May and June respectively. Of the 31 closed sales in July, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 4% of the active listing inventory. There were 6 closed sales of homes valued over $500K during July and 14 closed sales in the three month period of May – July.

The inventory level is lowest in the $251-500K price bracket at 2.1 months and overall it is at 2.5 months worth across all price brackets based solely on the July Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture increases just slightly to 2.7 months worth across all price brackets.

The average sold price in July was $423K which is a decrease of $25K, compared to $448K in June. Meanwhile, the median sold price was $401K in July, up $8K from the prior month. The average price of the active listings was $496K while the median price was $470K as of today.

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