A new report shows regional home prices around Yamhill County are up by 10.3% over the past year, with the number of sales changed by -8.8%.
This recent phenomenon is likely due to a decrease in housing inventory. If more homes are not placed on the market, our region would now run out of homes in 3.1 months.
3.1 months in housing inventory is considered a relatively low supply by historical standards, but not uncommon during Spring and Summer months.
For more information about our current market for Newberg area homes, click here, or on the Market Action image below. Plus, make sure to check out page 2 for specifics like the average market time for homes throughout Yamhill County, with similar details for area 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 property could sell for in today’s Newberg real estate market.