Januray 13th, 2014 Boring Oregon Market Update

For the week of January 13th 2014 residential listings in Boring, Oregon are hovering right at $360,000 median asking price with an average market time of 212 days. The inventory of available homes for sale is dropping which is an encouraging sign for sellers weary of bad news and depressed values. All but the very lowest property price range quartile feature acreage lots with the main difference in price being accounted for in the year built, square footage and the fit and finish of fixtures.

Average lot sizes range from 1-5 acres with hobby farms, equestrian and of course workshops for projects are the norm for this area. Prices for the area remain near their high point; with the new week being ushered in by lowered prices. Currently, buyer activity is supporting current prices so look for a persistent easing of buyer activity before prices drop much. Nobody can reliably predict the future but the signs point to solid demand from buyers seeking the country lifestyle available in Boring, OR 97009.

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