Mt. Hood Property Sales for October 2020
Friday, November 13, 2020
Check out the latest stats from RMLS for October. There were 19 active listings on the market for the month. Historically, I’ve never seen inventory this low! We are seeing a few new listings hit the market and they sell immediately with multiple offers. Pending sales sat at 23 for the month and 18 closed for the month.
Shrinking marketing time is down to 50 days. The average sales price is $348,400. This nearly wipes out first time home buyers even though we are seeing historically low interest rates.