The West Linn real estate market finished September with 51 closed sales which is down from the 54 & 64 closed sales in the prior months of July and August respectively. Of the 51 closed sales in September, none were distressed properties (foreclosures/short sales) representing 0% of the closed sales for the month. As of today, distressed properties accounted for 0.6% of the active listing inventory. There were 28 closed sales of homes valued over $500K during September and a total of 96 over the three month period of July–September.

The inventory level is lowest in the up to $250K price bracket at 1.0 months and overall it is at 3.3 months worth across all price brackets based solely on the September Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory level decreases slightly to 3.0 months worth across all price brackets.

The average sold price in September was $553K which is down $67K from the prior month of August. Meanwhile, the median sold price in September increased to $530K, up from $511K the month prior. The average price of the active listings was $974K while the median price was $672K as of today.

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