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Winter 2012 Market Update
Today’s economic environment is an ideal time for buying a home for many reasons. It’s still the best long term investment for individual households. Interest rates are historically low, inventory levels are high and home prices are down. The higher your credit score the better your mortgage rates will be. Check with your mortgage consultant for rates and the latest loan programs.
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Tualatin is | No Change |
| Seller Activity for the past 90 days in Tualatin is? | No Change |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Inventory has decreased to 6.2 months from 7.0 months. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good selection and Record low interest rates creates a perfect time to buy in Tualatin! |
| Nearest Metro Area | Portland |
| Housing Hot Spots | Home Sales within the Washington County area are evenly divided with no ’Housing Hotspots’. |
| Average Sold Price | $325,000 - View Graph Trend |
Tualatin Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Bob Zimmerman
503-730-2135
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Bob Zimmerman
Prudential NW Properties
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 503-730-2135
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