Pacific City Real Estate Market Extends Weakening in Home Sales

The Pacific City market may be experiencing a long pullback, but sales managed an uptick this week of 100.0% to two homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Prices are falling in Pacific City, and this period the median price of all sales fell from $389,900 to $384,450. Despite the uptick in sales, there are still 22 months of inventory left to work through, meaning Pacific City is still a strong buyer's market.

Looking for an affordable home? Check out these inexpensive listings in Pacific City:

$185K   $199K   $199K  

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

Demographic facts for Pacific City:

  • The rating for this area for population growth is 52. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $6.91/$1,000.
  • Here are some of the distributions of commute times for the area: <15 min (52.9%), 15-29 min (22.4%), 30-44 min (14.7%), 45-59 min (2.7%), >60 min (7.3%).

Data reported through 10/12/2016

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