The Beaverton real estate market finished September with 229 closed sales, which is down from the 255 & 336 closed sales recorded during the prior months of July and August respectively. Of the 229 closed sales in September, 2 were distressed properties (foreclosures/short sales) representing 1% of the closed sales for the month. As of today, distressed properties accounted for 1% of the active listing inventory. There were 40 closed sales of homes valued at $500K or more during September and a total of 130 over the three month period of July – September.

The inventory level is lowest in the $251-500K price bracket at 1.5 months and overall it is at 1.8 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 picture decreases slightly to 1.5 months worth across all price brackets.

The average sold price in September was $403K which is down $3K compared to the prior month of August. Meanwhile, the median sold price in September increased to $382K, up $1K from the prior month. The average price of the active listings was $440K while the median price was $405K as of today.

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