The Willamette Highway area continues to be over-burdened by an inventory of simply historic proportions.... while demand is only middlin'.
Average price has held roughly steady since the bust
(with the exception of 2009 continuing to provide the exception).
Here, for the
PLEASANT HILL - OAKRIDGE
RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of NOVEMBER
2001 - 2011:
And a decade of Average Prices for Closed Sales
for the
Months of NOVEMBER
2001 - 2011:
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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