I thought I'd post some market stats for Astoria, courtesy of the Clatsop MLS. For residential real estate in the Astoria area, here's some numbers for the 3rd quarter ending September 2007.

Sold: 32 (avg. market time 116 days)

New Listings: 68

Sale Pending: 40

Active During 3rd Q: 105

For comparison, I pulled the same numbers for the 3rd Q in 2006.

Sold: 35 (avg. market time 90 days)

New Listings: 66

Sale Pending: 34

Active During 3rd Q: 52

Another interesting figure is the number of homes sold YTD ending October 31, 2007: 110

Same period one year ago: 97

Pretty interesting stats I think. It certainly portrays a much brighter picture than the media would have you believe. Most of us are aware that the real estate market on the Oregon Coast is insulated from the severe ups and downs in volatile markets such as So. California, and the numbers back it up. Although inventory is near an all time high, the number of homes closing each month is remaining steady over the last year. So what does that mean to you? If your home is for sale, it means making your home stand out is essential. For buyers the inventory level is a good thing- more choices for a given price range or location, less chance of competing with another buyer on the same property, more bargaining power with sellers.