The Wilsonville real estate market finished May with 40 closed sales, which is up substantially from the 24 & 23 closed sales recorded during the prior months of April and March respectively. Of the 40 closed sales in May, 7 were distressed properties (foreclosures/short sales) representing 18% of the closed sales for the month. As of the end of May, distressed properties accounted for 24% of the active listing inventory. There was only 1 closed sale of homes valued over $500K during May and a total of 5 over the three month period of March – May.
The inventory level is lowest in the up to $250K price bracket at only 2.3 months and overall it is at 3.0 months worth across all price brackets based solely on the May closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 4.1 months worth across all price brackets.
The average sold price in May was $302K which is a decrease of $47K, compared to $349K in April. The median sold price in May increased to $286K, up $8K from $278K in April. The average price of the active listings was $407K as of the end of May while the median price for the active listings was $321K during the same period.
New real estate listings in Wilsonville (last 7 days):