The Oregon City real estate market finished August with 91 closed sales, which is down from the 101 & 98 closed sales recorded during the prior months of June and July respectively. Of the 91 closed sales in August, 2 were distressed properties (foreclosures/short sales) representing 2% of the closed sales for the month. As of today, distressed properties accounted for 3% of the active listing inventory. There were 20 closed sales of homes valued over $500K during August and a total of 71 over the three month period of June – August.

The inventory level is lowest in the up to $250K price bracket at 0.3 months and overall it is at 2.1 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 decreases just slightly to 1.9 months worth across all price brackets.

The average sold price in August was $446K which is down $7K compared to July. Meanwhile, the median sold price in August was $418K, compared to $430K the prior month. The average price of the active listings was $617K while the median price was $490K as of today.

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