The Canby real estate market finished October with 32 closed sales which down up from the 29 & 27 closed sales recorded during the prior months of August and September respectively. Of the 32 closed sales in October, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 5% of the active listing inventory. There were 5 closed sales of homes valued over $500K during October and 16 closed sales in the three month period of August – October.
The inventory level is lowest in the $251-500K price bracket at 0.8 months and overall it is at 1.2 months worth across all price brackets based solely on the October closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases just slightly to 1.3 months worth across all price brackets.
The average sold price in October was $411K which is a decrease of $13K, compared to $424K in September. Meanwhile, the median sold price was $401K in October, up $1K from the prior month. The average price of the active listings was $547K while the median price was $484K as of today.