The Hillsboro real estate market finished June with 122 closed sales, which is up from the 90 & 96 closed sales recorded in the prior months of May and April respectively. Of the 122 closed sales in June, 34 were distressed properties (foreclosures/short sales) representing 28% of the closed sales for the month. As of the end of June, distressed properties accounted for 45% of the active listing inventory. There was 1 closed sale of homes valued at $500K or more during June and a total of 6 over the three month period of April – June.
The inventory level is lowest in the up to $250K price bracket at only 2.6 months and overall it is at 2.9 months worth across all price brackets based solely on the June closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases just slightly to 3.4 months worth across all price brackets.
The average sold price in June was $221K which is down $23K from the $244K recorded the prior month. The median sold price in June was $202K, up $1K from May. The average price of the active listings was $329K as of the end of June while the median price for the active listings was $225K during the same period.
New real estate listings in Hillsboro (last 7 days):