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

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The real estate market in Newberg Oregon finished March with 16 closed sales which is up from the 11 and 14 closed sales recorded during February and January respectively.  Of the 16 closed sales in March, 6 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 24% of the active listing inventory.  There was 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 13 2011 - Newberg
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