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Steve Thoele's Blog

By Steve Thoele | Broker in Lake Oswego, OR

Happy Valley Oregon Real Estate Market Update-January 2011

The real estate market in Happy Valley Oregon saw an increase in closed sales (36) during December vs 28 sales in November.  There were 8 closed sales of homes valued $500K or more over the period of October - December.  The inventory level remains high in all price brackets with the lowest in the under $250K bracket at 8.4 months and is at 10.6 months worth across all price ranges.

Average and median sold prices experienced a dramatic decrease in December compared to the prior three months. The average price of the active listings is significantly higher ($363K) than the sold prices because of a couple really high priced listings that are currently on the market which skews the average upward. The median price of the active listings ($320K) is on par with the median sold prices over the September - November time period.  Click here to see the details in my blog post on my website.

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