The Tigard real estate market finished July with 159 closed sales, which is between the 146 & 165 closed sales recorded during the prior months of May and June respectively. Of the 159 closed sales in July, there was 1 distressed property (foreclosures/short sales) representing 0.6% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 39 closed sales of homes valued over $500K during July and a total of 137 over the three month period of May – July.

The inventory level is lowest in the $251-500K price bracket at 1.0 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 increases slightly to 1.8 months worth across all price brackets.

The average sold price in July was $434K which is a decrease of $36K, compared to $470K in June. Meanwhile, the median sold price in July decreased to $420K, down $30K from the prior month. The average price of the active listings was $518K while the median price for the active listings was $510K as of today.

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