July 2016 Real Estate Market Statistics

The following is the latest Real Estate Market Statistics for July 2016.
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• Sales:     2776 in July 2016 vs 3452 last July:  -19.6%

• Pending Sales:   3302 in July 2016 vs 3494 last July:  -5.5%

• New Listings:   4375 in July 2016 vs 4275 last July:  +2.3%

• Average Sales Price:   $407,000 in July 2016 vs $369,100 last July:  +10.3%

• Total Market Time: 32 days in July 2016 vs 45 days last July:  -25.7%

• Inventory in Months: 1.9 months in July 2016 vs 1.7 months last July

Current Inventory by Area:

• NW Washington County   1.61 months
• Beaverton/Aloha               1.05 months
• Hillsboro/Forest Grove     1.84 months