The Beaverton real estate market finished September with 266 closed sales, which is down from the 272 & 292 closed sales recorded during the prior months of July and August respectively. Of the 266 closed sales in September only 2 were distressed properties (foreclosures/short sales) representing 1% of the closed sales for the month. As of today, distressed properties accounted for 2.5% of the active listing inventory. There were 28 closed sales of homes valued at $500K or more during September and a total of 112 over the three month period of July – September.
The inventory level is lowest in the up to $250K price bracket at only 0.6 months and overall it is at 1.4 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 ticks down slightly to 1.3 months worth across all price brackets.
The average sold price in September was $373K which is down $8K compared to the prior month of August. Meanwhile, the median sold price in September decreased to $355K, down $2K from the prior month. The average price of the active listings was $453K while the median price was $425K as of today.
New real estate listings in Beaverton (last 3 days):