Newberg Area Home Prices Up, Sales Down

Posted on April 17, 2014 by roywiding

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.

Newberg Homes, Newberg Real Estate

Regional Home Inventory in Months

3.1 months in housing inventory is considered a relatively low supply by historical standards, but not uncommon during Spring and Summer months.

Newberg Homes, Newberg Real Estate, Newberg Properties

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.

Newberg Homes Newberg Real Estate

Click Image For FREE Report

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.

 

This entry was posted in Newberg Average Home Price, Newberg Homes, Newberg Market Statistics, Newberg Oregon, Newberg Oregon Homes, Newberg Properties, Newberg Real Estate, Newberg Realty, Yamhill County Properties, Yamhill County Realty and tagged , , , , , , , , , , . Bookmark the permalink.

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