The Happy Valley/Clackamas real estate market finished July with 83 closed sales, which is between the 94 & 81 closed sales recorded during the prior months of May and June respectively. Of the 83 closed sales in July, 3 were distressed properties (foreclosures/short sales) representing 3.6% of the closed sales for the month. As of today, distressed properties accounted for 3.2% of the active listing inventory as well. There were 33 closed sales of homes valued over $500K during July and a total of 111 sales over the three month period of May – July.

The inventory level is lowest in the up to $250K price bracket at 1.3 months and overall it is at 3.0 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 decreases slightly to 2.9 months worth across all price brackets.

The average sold price in July was $480K which is a decrease of $6K from the prior month of June. The median sold price was $457K in July, down $23K from the month prior. The average price of the active listings was $661K while the median price was $578K as of today.

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