March Home Sale In Tigard

Tigard Home Sales in March 2012

Single Family Homes

March 2011 is compared to March 2012

• The average Tigard Oregon home sale price was up 11.6% from a year ago.
• The number of active listings in Tigard (38) was up about 192%. This is encouraging news, but compared to March 2011 listing of 13, we are still well short of a healthy real estate market.
• Days on market before the house sold (172) was an increase of 29.4%.
• There were 55 Tigard homes sold this month, up 5.8% from this month last year. Included in these sales were 5 short sales and 8 bank owned properties, a 66.7% decrease.

All information is deemed accurate but is not guaranteed.

Tigard Oregon Home Sales: Real estate activity in Tigard Oregon for the month of March 2012 showed an increase in the average sales price of 11.6 percent. While this is encouraging news, one month is statistically insignificant to suggest a trend. The homes that were sold this year tended to be in a higher price range than last year. People still need jobs and Banks have too many foreclosures. When these two conditions improve, the real estate market will improve because there is much pent up demand for housing. Families have doubled up because of the economic climate and are ready to move to a single family situation. This should be the last big year for foreclosures because the peak of people needing to refinance their interest only loans will pass. When the inventory of foreclosures is reduced, home appreciation will return. This is a Buyers market. Buyers are still firmly in the drivers seat.

Wayne Pruner is a Realtor in Tigard Oregon. I am ready to help you save money when you buy or sell your home. I know the Tigard Oregon real estate market and I have been tracking housing data for years. My direct phone number is 503-891-0795 and my email is waynepruner@oregonfirst.com.

Licensed in the State of Oregon