The home truth snippet: 2014 over 2013
Report dated 1/9/2015
- Median home prices were up 6.5% over 2013
- Home sales were up 8.4% over 2013
- The average days on the market was down 7.7% to 108 days
- Current inventory is 4 months
- Market favors: Sellers
Keizer is in a seller’s market to kick off the new year. It will likely stay this way as land is becoming scarce in Keizer due to the urban growth boundary restrictions. New construction has sold very well in Keizer and I would anticipate that home prices will continue to appreciate as Keizer is unable to expand the urban growth boundary surrounding the city. Demand for Keizer has been growing due to its affordability when compared to the Portland metro area, and the commute from Clear Lake to Portland is very doable.