The Tualatin real estate market finished September with 34 closed sales, which is down from the 47 & 48 closed sales recorded during the prior months of July and August respectively. Of the 34 closed sales in September, 1 was a distressed property (foreclosures/short sales) representing 3% of the closed sales for the month. As of today, distressed properties accounted for 0% of the active listing inventory. There were 12 closed sales of homes valued over $500K during September and a total of 52 sales over the three month period of July – September.

The inventory level is lowest in the up to $250K price bracket with 1.0 months and overall it is 1.7 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 1.3 months worth across all price brackets.

The average sold price in September was $467K which was down $21K, compared to $488K in August. Meanwhile, the median sold price in September decreased to $433K, down from $474K the month prior. The average price of the active listings was $808K while the median list price was $550K as of today.

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