The Oregon City real estate market finished June with 102 closed sales, which is up from the 61 & 73 closed sales recorded during the prior months of April and May respectively. Of the 102 closed sales in June, 1 was a distressed property (foreclosures/short sales) representing 1% of the closed sales for the month. As of today, distressed properties accounted for 2% of the active listing inventory. There were 18 closed sales of homes valued over $500K during June and a total of 38 over the three month period of April – June.
The inventory level is lowest in the $251-500K price bracket at 1.0 months and overall it is at 1.3 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 1.7 months worth across all price brackets.
The average sold price in June was $418K which is up $7K compared to May. Meanwhile, the median sold price in June was $396K, which is up $11K from the prior month. The average price of the active listings was $602K while the median price was $480K as of today.