Sherwood Oregon Real Estate Market Update For Q1 2020
Today we are reviewing the first 3 months of the real estate market in Sherwood Oregon for 2020.
The first quarter had a total of 114 new residential listings come to the market, 91 listings went pending, and a total of 69 officially sold. The average sales price during the first three months was $545,000 and over the past 12 months, the average sale price was $497,000.
More opinions and commentary can be found in the video.
Today we are looking at the week of April 12th.
We saw a huge increase in pending home sales. Accepted contracts increased by 24% from 375 to 466. That’s two weeks in a row of increases in pending sales. New listings also increased from 385 homes listed for sale to 417 or an increase of 11%. 15% of the homes listed for sale last week went pending their first week on the market.
As of April 22nd, there are currently 2,542 pending home sales and 3,881 active listings in the Portland metro area.
More opinions and commentary can be seen in the video.
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If you are looking to purchase or sell a home we would be honored to help you find your place.
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