The Sherwood real estate market finished June with 55 closed sales, which is between the 23 & 56 closed sales recorded during the prior months of April and May respectively. Of the 55 closed sales in June, there were no distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 5% of the active listing inventory. There were 14 closed sales of homes valued over $500K during June and a total of 32 sales over the three month period of April – June.

The inventory level is lowest in the up to $250K price bracket at 0.2 months and overall it is at 1.9 months worth across all price brackets based solely on the June Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 2.3 months worth across all price brackets.

The average sold price in June was $412K which is an increase from the $402K recorded in the prior month of May. Meanwhile, the median sold price in June increased to $400K, up $25K from the month prior. The average price of the active listings was $765K while the median price was at $533K as of today.

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New real estate listings in Sherwood (last 7 days):

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