Wheeler, Oregon: A Market in Stasis with Limited Activity
The current real estate data for Wheeler, Oregon, presents a stark contrast to more active markets, indicating a period of extreme limited activity and a near halt in transactions. Unlike dynamic markets, Wheeler's data points to a stagnant environment where key indicators are either absent or reflect minimal movement.
Minimal Pricing Movement Amidst Scarcity
The average list price in Wheeler has seen a slight uptick, currently standing at $488,833, a modest increase from $482,900 last month. This nominal rise, approximately 1.2%, suggests that while there might be a minor upward adjustment in seller expectations for the very few properties available, it is not indicative of widespread market appreciation due to a lack of actual sales data to support it. Crucially, the "Average Sold Price" remains N/A for the current month, meaning there have been no recorded sales to establish a reliable average, making any definitive statement about real price trends impossible. Last month's average sold price was $510,500, but without current transactions, its relevance is diminished.
Similarly, the "List vs Sold Price" ratio is also N/A, underscoring the absence of recent sales. The previous month's ratio of 105.00% suggests that the few homes that did sell previously went for above asking price, but this historical data cannot be extrapolated to the current, virtually inactive market. The lack of current sold price data or list-to-sold price information is a critical gap, making it impossible to assess buyer commitment or the true value being achieved for properties.
Stalled Pace of Sales
Perhaps the most striking aspect of the Wheeler market data is the complete lack of information regarding the pace of sales. "Average Days on Market" is currently N/A. This absence of data, following last month's 76 days on market, indicates that no homes have closed within the reported period to establish a current average. This suggests a significant slowdown or even a complete cessation of sales activity, where properties are simply not moving from listing to sold status. See all wheeler properties for sale here: Wheeler Homes
Extremely Limited Inventory and Transactions
The most definitive indicators of Wheeler's current market state are the "New Listings" and "Sold Listings." For the current month, there are only 2 new listings, a substantial decrease from 4 last month. This very low number of new properties entering the market contributes to the overall stagnation. Even more critically, there are 0 sold listings for the current month, a sharp decline from 4 last month. This complete absence of sales means the market is effectively frozen, with no transactions occurring to establish current values or demand.
Overall Market Summary for Wheeler:
The real estate market in Wheeler, Oregon, is currently experiencing a period of inactivity. With no reported sales and an almost non-existent number of new listings, the market is effectively in stasis. While the average list price has seen a marginal increase, the absence of corresponding sold data for the current month renders any assessment of price trends or buyer behavior as, well, none. The lack of an average for days on market further reinforces the picture of a stalled market where properties are simply not changing hands. For both buyers and sellers, the current data for Wheeler suggests a virtually stalled market with very limited opportunities for transactions.
