Tualatin Oregon Real Estate Snapshot January 2014
If you're looking to buy or sell a home in Tualatin, OR (pronounced Tu-aah-la-tin), the real estate inventory is pretty limited this January, 2014. As of today (January 17) there are currently only 47 active listings to choose from!
How do they break down?
Active homes for sale: 47 Active Listings
Up to $300K = 12 homes
$300K-500K= 21 homes
$500K and up= 14 homes
Pending Sales: 25 Homes Pending Sale
Up to $300K= 8 homes
$300K to 500K= 10 homes
$500K and Up= 7 Homes
Sold Homes (going back one month): 25 Homes Sold
Up to $300K= 12
$300K-$500K= 11
$500K and Up= 2
Compared to the entire Portland Metro area which has a current inventory of 3.2 months (December 2013), Tualatin is at 1.9 months which is pretty low! What does this mean? In a neutral real estate market the inventory or absorbtion rate is 5-6 months. Anything over this is a buyer's market and anything under this is considered a seller's market. According to these statistics, Tualatin...as well as the Portland Metro area is in a seller's market.
If you are ready to sell your Tualatin home, I'd love to meet with you for a FREE comparable market analysis (CMA) of your home. Even though it may be a seller's market, a good realtor will be there to guide you through the various documents and to deal with the multiple offers that can be a bit tricky! Ready to buy a home in Tualatin? Working with an agent that knows and understands the Tualatin real estate market well and will be your advocate is key!
Whether Buying or Selling a home in Tualatin (or perhaps both), I'd love to be your go to agent. Contact me today to see how I can help you!
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