The latest figures on Keizer area real estate were released this week by the Regional Multiple Listing Service, known as RMLS. Keizer home prices continue to rise. An interesting contrast also prevails, influenced by which side of Keizer you happen to live.
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North vs. South Divide
South Keizer homes have appreciated in value by 29.1% over the past year.This dwarfs North Keizer home price growth, which rose a still-respectable 8.2% during the same period. South Keizer’s more affordable average selling price of $176,900 is one helpful factor to spur home price growth, compared to North Keizer’s significantly higher average home price of $206,900.
Housing Backlog Declines
Helping the increase in Keizer home prices is the decrease in regional housing inventory, which underscores increased demand. Our area would now ‘run out of homes’ in 6.0 months, the lowest level of housing backlog in a year.
Regional Home Inventory in Months
Thinking About Selling?
Keizer home prices are definitely up. Contact Certified Realty, our KeizerHomes.com sponsor for a FREE market report on what your Keizer home could sell for in today’s market using the contact form below.
