The Hillsboro real estate market finished September with 146 closed sales, which is up slightly from the 145 & 135 closed sales recorded in the prior months of July and August respectively. Of the 146 closed sales in September, 2 were distressed properties (foreclosures/short sales) representing just 1% of the closed sales for the month. As of today, distressed properties accounted for 4% of the active listing inventory. There were 23 closed sales of homes valued at $500K or more during September and a total of 62 over the three month period of July – September.
The inventory level is lowest in the $251-500K price bracket at only 0.8 months and overall it is at 1.0 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 increases slightly to 1.1 months worth across all price brackets.
The average sold price in September was $393K which is down $9K from the $402K recorded the prior month. The median sold price in September was $380K which is up $9K from the prior month. The average price of the active listings was $513K while the median price was $415K as of today.
New real estate listings in Hillsboro (last 3 days):