Beaverton Home Sales Market Action – September 2012

With one exception, all reported measures of real estate activity show improvement when comparing September 2012 with September 2011, while dropping somewhat from August Heights.  At 1,894, closed sales were 19.4% higher then September 2011 sales of 1,586, while declining 18% from the August 2,311 total. This was the best September since 2006 for closed sales.
Pending sales also continued to be strong, with 2,058 accepted offers in September, 10.6% more than the 1,861 reported in September 2011, and 13.8% under the 2,387 pendings in August. With three-quarters of the year gone, the market recovery is solidifying.
Accepted offers are 16.8% above the level they were for the same period last year (19,015 vs 16,275).  Closed sales are 18% higher, with 17,468 closed so far this year, compared to 14,803 last year. Prices continue to creep up. The
average sales price year-to-date of $272,200 is 2.9% higher than the average price in the same period last year, while the 2012 year-to-date median of $230,400 is 3.8% higher than the media last year. Total market time has dropped
20.7% from 145 days last year to 115 days for the first three quarters of 2012.