The Sherwood real estate market finished September with 33 closed sales, which is down from the 37 & 54 closed sales recorded during the prior months of July and August respectively. Of the 33 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% of the active listing inventory as well. There were 15 closed sales of homes valued over $500K during September and a total of 40 sales over the three month period of July – September.

The inventory level is lowest in the up to $250K price bracket at 1.7 months and overall it is at 2.7 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 picture declines to 2.1 months worth across all price brackets.

The average sold price in September was $510K which is a decrease of $10K from the $520K recorded in the prior month of August. Meanwhile, the median sold price in September increased to $475K, up $54K from the month prior. The average price of the active listings was $876K while the median price was at $585K as of today.

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