Monthly update on the Milwaukie Oregon real estate market for May 2011

Profile picture for Steve Thoele
The real estate market in Milwaukie Oregon finished March with 47 closed sales, down from the 51 closed sales recorded during February but still up considerably from the 28 sales posted for January respectively.  Of the 47 closed sales in march, 18 were distressed properties (foreclosures/short sales) representing 38% of the closed sales for the month.  As of the end of March, distressed properties accounted for 37% of the active listing inventory.  There were no closed sales of homes valued over $500K during March and only 1 sale over the three month period of January – March.

To see the remainder of this market update along with an accompanying chart, click on the above link back to our Zillow profile page and then click on the link for our blog.  We welcome your questions or comments!

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May 12 2011 - Milwaukie
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Profile picture for BestOregonBroker4u
Thank You for the update
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May 14 2011
 
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