Damascus, OR Market Report 02-26-2014

damascus oregon housing 2-24-14

Damascus, OR 97089 Housing Market Update

As of February 24th, 2014, residential properties in Damascus have remained unchanged since last week. The average list price is sitting at about $410,000. Damascus homes are generally on the market for about 140 days. With everything staying steady in Damascus, the market continues to be at a buyer’s advantage. This will remain until we see changes in this area.

The supply and demand in the 97089 area is pretty even, with four homes absorbed (sold) and four homes newly listed. The top quartile homes have a median price of about $610,000 and the bottom quartile homes have a median price of about 270,000. This gives buyers a great window of property prices in Damascus. With there being about 50 listings in the area, you could see about 30% of the properties drop in price. With that said, buyers should be able to find a home in their price range that fits their families wants and needs. Learn more about Real Estate Opportunities In Damascus Oregon.

Disclaimer: The above article is not investment or legal advice. Nor is it intended to promise or predict future financial profits or losses.