The Milwaukie real estate market finished August with 94 closed sales, which is between the 65 & 116 closed sales during the prior months of June and July respectively. Of the 94 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 4% of the active listing inventory. There were 6 closed sales of homes valued over $500K during August and a total of 29 over the three month period of June – August.

The inventory level is lowest in the $251-500K price bracket at 1.6 months and overall it is at 1.8 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 increases just slightly to 1.9 months worth across all price brackets.

The average sold price in August was $386K which is a decrease of $27K, compared to $413K in July. Meanwhile, the median sold price was $380K in August which is a decrease of $4K from the prior month. The average price of the active listings was $442K while the median price was $395K as of today.

.

.

Ask Question/Request Info:

.