Today’s arrival of Spring presents sellers of Newberg homes with some of our best home selling weather. Spring is traditionally the time of year when many Newberg homesellers place their property on the market.
This is great news, and right on the heels of confirmation that Newberg homes are increasing in value. That’s because the latest Regional Multiple Listing Service report shows greater Newberg home prices are up 14.2% over the past year.
The average market time for greater Newberg homes is now 205 days. The average selling price for Newberg homes is just over $264,700.
This is all helped along by the relatively low ‘backlog’ of greater Newberg homes for sale. The chart below shows that our region would ‘run out of houses’ in 3.9 months.
Read the complete report on Newberg area homes here, or by clicking on the Market Action image below. Also check out page two for details on other local towns and neighborhoods.
Thinking about selling your Newberg home? Contact our sponsor, Certified Realty using the convenient form below for a FREE report on what your Newberg home could sell for in today’s real estate market.