Local home inventory reports reveal an increase, but still a relatively low supply of available Molalla area properties. At the current rate of home sales, our region would run out of properties in 4.1 months.
This historically low figure confirms demand for Molalla area homes remains solid. In 2009, our region built up a bloated inventory, running a housing backlog of 19.2 months. Not anymore.
This is good news for sellers, as our region continues to lift out of what had been years of declining home values. As a result, some home sellers are now placing their property on the market to beat the Spring home selling rush.
As a result of this demand, home prices for greater Molalla are up 14.4% over the past year. To view the complete latest report on Molalla area real estate, click here or on the ‘Market Action’ image above and check out section 146 there on page two.
The regional home price chart below clearly shows how area home prices are climbing higher.
Thinking about selling your Molalla home or other area real estate? Contact our MolallaHomes.com sponsor Certified Realty for a FREE report on what your property could sell for in today’s rising market.