How’s the Market in Portland

Statistics You Must Know

Time period (April, 2012)

Total Active Residential Listings                  8,523

Total Market Time (Apr., 2012)                    123

Compared to last year (Apr., 2011)                153

Average Sales Price (Apr., 2012)                   $262,400

Average Sales Price (Apr., 2011)                   $267,300

Avg. Sales Price, Year to date (Apr., 12)       $254,600

Avg. Sales Price, Year to date (Apr., 11)       $257,000

Closed Sales Year to Date (Apr., 12)             6,236

Closed Sales Year to Date (Apr., 11)             5,513

Inventory in Months (Apr., 2012)                  4.7

Inventory in Months (Apr., 2011)                  7.2

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Here are some things you can tell your clients about the Real Estate Market:

Inventory of homes for sale in April, 2012 was 4.7 months.  This is down from a peak of 19.2 months in January, 2009.  Inventory has consistently been 7 months or below for the last 12 months in a row.  This is the lowest inventory has been since June, 2007.  Generally speaking, when we are below 6 months inventory it is considered a seller’s market.

Closed sales are increasing!  Closed sales have increased from April of last year by 13.1%.

This page is updated monthly around the 15th of each month and is always going to be the most current MLS statistics. MLS statistics are always the previous month. BOOKMARK THIS PAGE.