The Beaverton real estate market finished February with 183 closed sales, which is between the 256 & 171 closed sales recorded during the prior months of December and January respectively. Of the 183 closed sales in February, 12 were distressed properties (foreclosures/short sales) representing 7% of the closed sales for the month. As of the end of February, distressed properties accounted for 7% of the active listing inventory. There were 10 closed sales of homes valued at $500K or more during February and a total of 45 over the three month period of December – February.

The inventory level is lowest in the up to $250K price bracket at 0.5 months and overall it is at 1.1 months worth across all price brackets based solely on the February Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture declines just slightly to 1.0 months worth across all price brackets.

The average sold price in February was $333K which is down $27K compared to the prior month of January. Meanwhile, the median sold price in February decreased to $312K, down $38K from the prior month. The average price of the active listings was $487K at of the end of February while the median price for the active listings was $435K during the same period.

.

.

New real estate listings in Beaverton (last 3 days):

.