Today is Friday, October 24, 2008 and it is time for another breakdown of homes sales in the Washington County, Oregon market. This week the stats came out for September 2008 versus September 2007 and the numbers are pretty amazing.
With the average drop in home sales in Washington County of 29.35% and now we are starting to feel the pinch of short sales and foreclosures hitting the market. It has caused the average home sold price to drop 3.8% since September of last year. This is an interesting situation, because for the first time we are seeing prices start to fall, but I’m interested in seeing the next couple months as I have started to see a little more buyer activity this month versus last month.
I look forward to reporting this falls sales at the end of November and hopefully I will have some good news.
So, if you have a family home that you are thinking about selling, this is a great time to get it on the market!
Here is a breakdown of homes sales for the week by neighborhood. Just click on the link to your neighborhood for the complete breakdown of what the average of homes that are on the market, how long they have been on the market, how many have sold, what their average price was, and how long they were on the market.
As always, if you are looking to buy or sell in the Washington County, Oregon area, I would love to show you how you can save the most money by being on your side during the negotiations.