The Hillsboro real estate market finished August with 115 closed sales, which is down from the 143 & 144 closed sales recorded in the prior months of June and July respectively. Of the 115 closed sales in August, 2 were distressed properties (foreclosures/short sales) representing 1.7% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 17 closed sales of homes valued at $500K or more during August and a total of 65 over the three month period of June – August.

The inventory level is lowest in the up to $250K price bracket at 0.2 months and overall it is at 1.6 months worth across all price brackets based solely on the August Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level declines slightly to 1.4 months worth across all price brackets.

The average sold price in August was $422K which is up $9K from the $413K recorded the prior month. The median sold price in August was $385K which is down $13K from the prior month. The average price of the active listings was $560K while the median price was $442K as of today.

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