The Sherwood real estate market finished August with 52 closed sales, which is between the 66 & 35 closed sales recorded during the prior months of June and July respectively. Of the 52 closed sales in August, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory as well. There were 15 closed sales of homes valued over $500K during August and a total of 46 sales over the three month period of June – August.

The inventory level is lowest in the $251-500K price bracket at 0.9 months and overall it is at 1.9 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 picture remains steady at 1.9 months worth across all price brackets.

The average sold price in August was $520K which is an increase of $88K from the $432K recorded in the prior month of July. Meanwhile, the median sold price in August increased to $421K, up $21K from the month prior. The average price of the active listings was $863K while the median price was at $562K as of today.

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