Are you thinking of moving to Monmouth Oregon? Read some of our posts about local events and things to do in the area.
1655 Madrona St E Monmouth, OR 97361 If you’ve been dreaming of a home that offers both style and functionality, look no further than 1655 Madrona St E in Monmouth, Oregon. This beautiful, one-level home is designed with an open-concept layout, perfect for families looking for space or retirees seeking comfort without sacrificing the details…
Monmouth ended the year at an average home price of $180,887 and a median home price of $181,500 Monmouth home prices are about 11% higher than Independence and I think it shows in their year end numbers. Monmouth has an 8.6 month inventory which is higher than Independence. The average and median home prices…
Monmouth Oregon has had a steady track record during the bust that has occurred all around. Currently, Monmouth has 5.3 months of inventory which puts it squarely in a neutral market. While real estate inventories climbed in Salem, Monmouth barely blipped. So where is the 2nd quarter lead us? The median home price has dropped…
One of the things I have learned to like about living in the Salem Oregon area is all of the smaller town festivals. Obviously, yesterday was the 4th of July, and rather than deal with the lack of parking in downtown Salem, we decided to head out to Western Days in Monmouth and Independence Oregon.…
The report is going to be a year to date summary of the numbers. It won’t be compared to previous months as there are just not enough real estate sales. So…based on data from the WVMLS, these local Salem Oregon metro area cities home report: Monmouth: Homes sold year to date: 21 Current Inventory: 12.4…
With the turn of the market, these smaller Salem Metro area towns are not experiencing enough home sales to do any meaningful analysis since the numbers are so low. I’ll give them to you just as a reference to where things are currently, but an analysis with 1-3 sales can’t be done. Dallas: 30 day…
Here is where our local markets currently stand. The real estate market data information has been gathered from the local WVMLS. Here is what is occurring in the city of Monmouth… Average Sales price: Monmouth had a 5.5% drop in the average price of a home from the same time frame last year. Last year’s…
Knowing how much inventory is on the market is an important statistic to know when considering the price of your home. These figures are for residential home sales. The absorption rate is how fast homes are selling on a monthly basis. Inventory is how long it would take homes to sell at that rate assuming…
The second quarter has ended for the real estate market. Here is where our local markets currently stand. Market data information is from the local WVMLS. Here is what is occurring in the cities of Monmouth-Independence area in real estate… Monmouth: Average Sales price: The average sales price in the 2nd quarter is $210,191 up…
The first quarter has ended for the real estate market. Here is where our local markets currently stand. Market data information is from the local WVMLS. Here is what is occurring in the cities of Monmouth-Independence area in real estate… Average Sales price: The average sales price so far this year is $188,656, down 8.5…