The Hillsboro real estate market finished October with 122 closed sales, which is down from the 136 & 147 closed sales recorded in the prior months of August and September respectively. Of the 122 closed sales in October, 2 were distressed properties (foreclosures/short sales) representing just 2% of the closed sales for the month. As of today, distressed properties accounted for 3% of the active listing inventory. There were 18 closed sales of homes valued at $500K or more during October and a total of 60 over the three month period of August – October.
The inventory level is lowest in the up to $250K price bracket at only 0.5 months and overall it is at 1.1 months worth across all price brackets based solely on the October closed sales rate. Looking back over the last three months average closed sales rate, the inventory level decreases just slightly to 1.0 months worth across all price brackets.
The average sold price in October was $394K which is up $2K from the $392K recorded the prior month. The median sold price in October was $370K which is down $10K from the prior month. The average price of the active listings was $538K while the median price was $439K as of today.