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Executive Summary
This Week
Real-Time Market Profile Trend
Median List Price $ 419,900 ≠≠
Asking Price Per Square Foot $ 167 ==
The median list price in SHERWOOD, OR 97140 this week is Average Days on Market (DOM) 152 ==
$419,900.
Percent of Properties with Price Decrease 40 %
Percent Relisted (reset DOM) 17 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 4%
are mildly positive indications for the market. Median House Size (sq ft) 2460
Median Lot Size 4,501 - 6,500
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward ≠≠ Strong downward
However because of excess inventory, prices have not yet stopped
falling. Should the sales trend continue, expect prices to level off
= Slight upward ≠ Slight downward trend
soon and potentially to resume their climb from there. Watch
Price
prices as the market transitions from a Buyer's market to a Seller's
market.
Market Action Index Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling
8,001 -
Upper/Second $ 499,900 2920 10,000 sqft 4.0 2.5 17 45 2 4 131 Upper-middle 25% of properties
4,501 -
Lower/Third $ 359,900 2400 6,500 sqft 4.0 2.5 10 45 1 3 133 Lower-middle 25% of properties
4,501 -
Bottom/Fourt $ 259,900 1620 6,500 sqft 3.0 2.5 13 45 6 6 110 Least expensive 25% of properties
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