First American Market Report

Fairview, OR

Single-Family Homes

First American Title Company | www.firstam.com



Fairview, OR

Tue Oct 15 2019
This week the median list price for Fairview, OR is $350,000 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has held steady at or around 17. Click here to stay informed with the Fairview market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Fairview, OR

Tue Oct 15 2019
This week the median list price for Fairview, OR is $350,000 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has held steady at or around 17. Click here to stay informed with the Fairview market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Fairview market.
Median List Price $350,000
Per Square Foot $215
Days on Market 133
Price Decreased 65%
Price Increased 0%
Relisted 0%
Inventory 17
Median House Rent $1,600
Most Expensive $988,000
Least Expensive $50,000
Market Action Index
Slight Seller's Advantage
43

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$584,917 2,987 0.25 - 0.5 acre 4 2 19 0 0 336
$437,450 2,181 4,500 - 6,500 sqft 3 2 17 0 0 75
$340,475 1,411 6,500 - 8,000 sqft 3 2 28 0 0 59
$95,000 1,296 0 - 4,500 sqft 3 2 23 1 0 77