Oatfield Real Estate Market Slumps to Contracts Low

Over the last 30 days, 28 homes went under contract in the Oatfield market, the lowest amount since April. As the market appears to be nearing a bottom, there were 32 homes sold over the same period. During the same time frame, Portland had the most of any other neighboring municipalities with 1,033 contracts executed. Although the weak contracts numbers suggest otherwise, months of inventory is on a four-week downward trend, this week hitting two months. With inventory at such low levels, Oatfield is still a definite seller's market, even after taking into consideration the falling contracts numbers.

If you need more bedrooms, take a look at these homes in Oatfield that offer more than other listings:

$450K   $699K   $567K  

Get started right now by checking out Oatfield homes for sale or reviewing Oatfield real estate trends.

Demographic facts about Oatfield:

  • The average elevation is 201 ft.
  • The median income per household is $65,897 in the area.
  • For every counselor there are 459 students in this area. (513 = national average)

Data reported through 10/13/2016

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HomeSmart Realty Group | Oregon Real Estate Broker | DRE: 780502110
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