TheÂ Gresham real estateÂ market finished July with 67 closed sales, which is between the 63 & 79 closed sales for the prior months of June and May respectively. Of the 67 closed sales in July, 28 were distressed properties (foreclosures/short sales) representing 42% of the closed sales for the month. As of the end of July, distressed properties accounted for 38% of the active listing inventory. There were no closed sales of homes valued over $500K during July and only one sale over the three month period of May â€“ July.Â
You can check out the remainder of this market update and an accompanying chart in my latest blog post by clicking here:Â Gresham real estate market update.Â I welcome your questions or comments!