We're experiencing more real estate activity this fall, 2020, than what was experienced in the past 3 years. Although the number of new listings of available homes is limited, homes that do come up for sale are selling quickly and many with multiple offers. The continued low mortgage interest rates are keepign many buyers in the market.
The following is the latest Real Estate Market Statistics for October 2020.
Click here for the full report- Sales: 3,155 in October 2020 vs 2,588 last October: 21.9%
- Pending Sales: 3,199 in October 2020 vs 2,575 last October: 24.2%
- New Listings: 3,515 in October 2020 vs 3,064 last October: 14.7%
- Average Sales Price: $489,000 in October 2020 vs $459,000 last October: 6.5%
- Total Market Time: 38 days in October 2020 vs 54 days last October: -28.8%
- Inventory in Months: 1.1 months in October 2020 vs 2.4 months last October
Inventory by Area:
- NW Washington County 0.89 months
- Beaverton/Aloha 0.49 months
- Hillsboro/Forest Grove 0.88 months
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