ASTORIA — The seller’s market for Clatsop County houses continued without a pause in October, with average prices climbing 23% from a year earlier and the supply tightening.
There were only 101 active residential listings countywide in October, down 63.5% from the 277 on the market in October 2019, according to data from the Clatsop Association of Realtors.
The average selling price was $520,729 this October, nearly $100,000 more than it was a year earlier. The median selling price — the point at which half sold for more and half for less — reached $420,500, up 12% from October 2019’s median of $375,000. The median is sometimes considered a more accurate market snapshot, since it compensates for the way a few high-price houses can skew the average.
Clatsop houses are selling more quickly, spending a median of 63 days from list to close, more than a month faster than the year before.
Looking at results for the entire first 10 months of 2020, the median sales price is up about $40,000 or 11.5% to $389,950.
Eighty-eight home sales were completed in October, up from 70. However, for the year to date sales are roughly the same as in the first 10 months of 2019 — 689 this year compared to 692 last year.