The Beaverton real estate market finished July with 242 closed sales, which is down from the 247 & 293 closed sales recorded during the prior months of May and June respectively. Of the 247 closed sales in July, only 2 were distressed properties (foreclosures/short sales) representing 0.8% of the closed sales for the month. As of today, distressed properties accounted for 0.7% of the active listing inventory. There were 30 closed sales of homes valued at $500K or more during July and a total of 111 over the three month period of May – July.

The inventory level is lowest in the $251-500K price bracket at 1.3 months and overall it is at 1.7 months worth across all price brackets based solely on the July Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture dips slightly to 1.5 months worth across all price brackets.

The average sold price in July was $390K which is down $16K compared to the prior month of June. Meanwhile, the median sold price in July decreased to $375K, down $18K from the prior month. The average price of the active listings was $452K while the median price was $420K as of today.

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