The Hillsboro real estate market finished April with 128 closed sales, which is equal to 128 closed sales recorded in the prior month of March. Of the 128 closed sales in April, 13 were distressed properties (foreclosures/short sales) representing 10% of the closed sales for the month. As of the end of April, distressed properties accounted for 19% of the active listing inventory. There were 4 closed sales of homes valued at $500K or more during April and a total of 14 over the three month period of February – April.
The inventory level is lowest in the up to $250K price bracket at 1.0 months and overall it is at 1.4 months worth across all price brackets based solely on the April closed sales rate. Looking back over the last three months average closed sales rate, the inventory increases slightly to 1.6 months worth across all price brackets.
The average sold price in April was $281K which is up $5K from the $276K recorded the prior month. The median sold price in April was $258K which is down $1K from the prior month. The average price of the active listings was $395K as of the end of April while the median price for the active listings was $319K during the same period.