The Hillsboro real estate market finished September with 110 closed sales, which is down from the 144 & 116 closed sales recorded in the prior months of July and August respectively. Of the 110 closed sales in September, 2 were distressed properties (foreclosures/short sales) representing 1.8% of the closed sales for the month. As of today, distressed properties accounted for 1.2% of the active listing inventory. There were 17 closed sales of homes valued at $500K or more during September and a total of 57 over the three month period of July – September.

The inventory level is lowest in the up to $250K price bracket at 0.2 months and overall it is at 1.6 months worth across all price brackets based solely on the September Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level declines slightly to 1.4 months worth across all price brackets.

The average sold price in September was $408K which is down $14K from the $422K recorded the prior month. The median sold price in September was $372K which is down $14K from the prior month. The average price of the active listings was $546K while the median price was $450K as of today.

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