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Old 12-09-2007, 10:42 PM
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Join Date: Apr 2007
Location: Portland Metro
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Quote:
Originally Posted by Steve97415 View Post
I think that there is probably a serendipitous window of opportunity to get into the Corvallis housing market right now. Because it is a popular place to live, the inventory is often rather low. At the moment it seems to be a bit higher.
I agree with Steve97415 on this point in particular. I think with the increased inventory and how slow many houses are moving, combined with the current mortgage rates, this is a pretty good time to buy in Corvallis.

If you are renting, it's also not a bad time to rent. The last couple of years has seen quite a boom in new rental housing around town, so I think there's more to choose from.
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Old 12-10-2007, 05:17 PM
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Join Date: Nov 2006
Location: Albany, OR
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DavePautsch is a jewel in the roughDavePautsch is a jewel in the roughDavePautsch is a jewel in the roughDavePautsch is a jewel in the roughDavePautsch is a jewel in the roughDavePautsch is a jewel in the rough
I don't track McMinnville, but for my weekly radio show, I do track Albany, Lebanon, and Corvallis. Here are the housing market statistics for Corvallis (SOLD/Pending for past 90 days) as of Thursday last week.

SOLD/Pending (past 90 days) – 174

Average price – $291,380

Median Sale Price – $294,975

Average Days on the Market – 82

Average Dollar per Square Foot - $167.51

Current Active Listings – 217

Average Price of Active Listings - $343,243

Months of Inventory – 3.74
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