Sellwood experienced a rough dive in the average home sales price in June….from April of this year at $365k to June’s average of $311k. Here’s the cool map!
- SE Portland has an average days on market of 93 days for a sale and with 97 active homes listed and 10 closing in June…..Sellwood is behind the Portland 4-month trend.B
- Closing prices averaged 92.3% of the most recent list price indicating that sellers are dropping up to $24k on each sale.
- Sellwood closed 9% of active listings and has 10 months of inventory.
- On the spread, 75th percentile was at $351k, Mean was at $302k and 25th percentile was $274k.