The real estate market in Beaverton Oregon finished March with 159 closed sales, which is up considerably over the 115 and 106 closed sales recorded during February and January respectively. Of the 159 closed sales in March, 77 were distressed properties (foreclosures/short sales) representing 48% of the closed sales for the month. As of the end of March, distressed properties accounted for 37% of the active listing inventory.
The inventory level is lowest in the up to $250K price bracket at 5.2 months and overall it is at 6.2 months worth across all price brackets based solely on the March closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 7.8 months worth across all price brackets.
The average sold price in March was $203K which is a decrease of $5K, compared to $208K in February. Similarly, the median sold price in March dipped to $176K, down from $200K in February. The average price of the active listings in March ($242K) decreased $2K from the last reading in February while the median price for the active listings ($213K) increased $3K from the prior month.
New real estate listings in Beaverton (last 7 days):