How’s the Market in Portland

Statistics You Must Know

JANUARY RESIDENTIAL HIGHLIGHTS

Time period (January, 2012)

Total Active Residential Listings                  8,512

Total Market Time (Jan., 2012)                     136

Compared to last year (Jan., 2011)                        160

Average Sales Price (Jan., 2012)                   $249,100

Average Sales Price (Jan., 2011)                   $248,900

Avg. Sales Price, Year to date (Jan., 12)       $249,100

Avg. Sales Price, Year to date (Jan., 11)       $248,900

Closed Sales Year to Date (Jan., 12)              1,224

Closed Sales Year to Date (Jan., 11)              1035

Inventory in Months (Dec., 2011)                  7.0

Inventory in Months (Dec., 2010)                  11.9

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

Inventory of homes for sale in January, 2012 was 7.0 months.  This is down from a peak of 19.2 months in January, 2009.  Inventory has consistently been 7.2 months or below for the last 11 months in a row.  Historically, January is typically the month with the highest inventory for the year.

The average sale price for a home in the Portland Metro area is basically the same as it was a year ago.  (January, 2011 – $248,900.  January, 2012 – $249,100)

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.