The Tualatin real estate market finished July with 32 closed sales, which is even with the 32 closed sales recorded during the prior month of June. Of the 32 closed sales in July, 6 were distressed properties (foreclosures/short sales) representing 19% of the closed sales for the month. As of the end of July, distressed properties accounted for 31% of the active listing inventory. There were 5 closed sales of homes valued over $500K during July and a total of 13 sales over the three month period of May – July.
The inventory level is lowest in the up to $250K price bracket at 2.7 months and overall it is 3.9 months worth across all price brackets based solely on the July closed sales rate. Looking back over the last three months average closed sales rate, the inventory picture increases to 4.2 months worth across all price brackets.
The average sold price in July was $336K which is an increase of $14K, compared to $322K in June. Conversely, the median sold price in July decreased to $263K, down from $304K in June. The average price of the active listings was $463K as of the end of July while the median list price was $353K during the same period.