The Tigard real estate market finished April with 130 closed sales, which is up from the 98 & 119 closed sales recorded during the prior months of February and March respectively. Of the 130 closed sales in April, 6 were distressed properties (foreclosures/short sales) representing just 5% of the closed sales for the month. As of the end of April, distressed properties accounted for 18% of the active listing inventory. There were 10 closed sales of homes valued over $500K during April and a total of 29 over the three month period of February – April.
The inventory level is lowest in the $251-500K 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 picture increases to 1.6 months worth across all price brackets.
The average sold price in April was $340K which is an increase of $11K, compared to $329K in March. Meanwhile, the median sold price in April increased to $327K, up from $310K the month prior. The average price of the active listings was $419K as of the end of April while the median price for the active listings was $407K during the same period.