The Tigard real estate market finished September with 119 closed sales, which is down from the 161 & 159 closed sales recorded during the prior months of July and August respectively. Of the 119 closed sales in September, there was 1 distressed property (foreclosures/short sales) representing 1.0% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 31 closed sales of homes valued over $500K during September and a total of 122 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 2.3 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 to 1.8 months worth across all price brackets.

The average sold price in September was $438K which is a decrease of $12K, compared to $450K in August. Meanwhile, the median sold price in September decreased to $415K, down $21K from the prior month. The average price of the active listings was $518K while the median price for the active listings was $490K as of today.

.

.

Ask Question/Request Info:

.