Damascus Market Update August 12th 2013

Damascus, OR 97089

During the week of August 11th the average list price is $380,000 in this area. The
average asking price per square foot is $153 per square foot and climbing, as well
as the average days on the market. With inventory going down, sellers at this time
have the advantage in the market over buyers.
Characteristics Per Quartile
With eleven homes going on the market and five homes absorbed (sold), activity in
this area is doing well. The general average of days on the market is low, so
shopping for a home in this area is competitive.

Inventory of Properties Listed for Sale
With the decrease in overall listings in this area, buying now can offer you some
investment opportunities. With the demand going up in Damascus, great deals are
being made quickly and homes are flying off the market.