Hey there, real estate enthusiasts! It’s Ryan Long, back with another market update for the Mid-Valley region in June 2025. I’m excited to dive into the numbers and share some interesting trends, comparing the latest statistics across Corvallis, Albany, and the broader Willamette Valley. Let’s take a closer look at how the market is performing this month.
Willamette Valley Overview
The Willamette Valley encompasses Linn, Benton, Marion, and Polk Counties, and it’s exciting to see some trends developing. As of June 11th, inventory levels are on the rise, with new listings up nearly 7% year over year. This seasonal uptick from April to May is consistent with previous years.
Looking at the medium sales price, we’re up about 2% from last year. However, the price per square foot hasn’t increased as significantly. Another key indicator is the list price to sales price ratio, which hovers just under 100%, suggesting that homes are selling close to their asking prices. The current months of inventory stand at 3.8, with a thousand new listings in May alone.
Corvallis Market Insights
In Corvallis, the median sales price has reached $592,450, marking an increase of nearly 5% from last year. When breaking it down further, although there has been a slight decrease from last month, the year-over-year growth is nearly 11%. This indicates a robust market with a strong demand persisting.
The list price received in Corvallis is over 100%, which highlights the hot market conditions this area is experiencing. New listings have seen a modest increase, with 81 new homes entering the market. Active inventory currently sits at 170, and the months of supply measure at 3.3 months. Median days on market for Corvallis is 48, compared to the valley’s average of 58.
Albany Market Overview
Turning our attention to Albany, the median sales price is around $474,800, representing an impressive 10% increase from a year ago. However, the median sold price per square foot has decreased by 6%. This indicates a stabilizing market, likely maintaining similar conditions to last year.
The list price received here is slightly lower than 100%, averaging 98.8%, which means homes are often selling for less than their listing prices. Inventory is lower than in Corvallis, and the median days on market is 64, indicating homes tend to stay on the market longer in Albany.
Oregon Inventory Trends
Let’s take a broader look at inventory trends across Oregon. From January 2017 to now, we can see seasonal fluctuations, with July and August typically being high points for listings. Although the onset of COVID-19 impacted inventory levels, we’re now back to May 2019 levels with over 12,000 active listings statewide.
Encouragingly, this increase in inventory is promising news for buyers, as more homes come onto the market. This shift could help balance the market slightly, reducing the seller’s advantage we’ve been seeing.
Conclusion
Overall, the Mid-Valley real estate market is showing some fascinating dynamics. Whether you’re buying or selling, these insights should provide you with valuable knowledge as you navigate the market. I appreciate your attention and look forward to updating you next month with more trends and data. Have a great day!