The Hillsboro real estate market finished December with 176 closed sales, which is up from the 145 & 120 closed sales recorded in the prior months of October and November respectively. Of the 176 closed sales in December, 6 were distressed properties (foreclosures/short sales) representing 3% of the closed sales for the month. As of the end of December, distressed properties accounted for 4% of the active listing inventory. There were 20 closed sales of homes valued at $500K or more during December and a total of 40 over the three month period of October – December.
The inventory level is lowest in the up to $250K price bracket at 0.3 months and overall it is at 0.7 months worth across all price brackets based solely on the December Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory increases slightly to 0.9 months worth across all price brackets.
The average sold price in December was $359K which is down $6K from the $365K recorded the prior month. The median sold price in December was $335K which is down $5K from the prior month. The average price of the active listings was $524K as of the end of December while the median price for the active listings was $463K during the same period.
New real estate listings in Hillsboro (last 3 days):