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November 2008 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending November 30, 2008
As expected due to the huge pending sales decrease from last
month, this month’s closed sales was down sharply at 39.9%.
Inventory jumped to 15 months from 11.1 which is enormous. From
November 2007 to November 2008 the average price decline has
been 10.5%. From the end of October to November the average
sales price declined by 4.9%. The average time on market for
closed sales is 135 days which is up 8 days from the previous
month. |
For the corresponding statistical data for market conditions ending November 30, 2008 click here.
Click on any link below to see any of the previous market condition summaries for Portland residential real estate broken down by month and year:
Real Estate Market Conditions Archive For Portland, Oregon:
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Portland Real Estate
Inventory: 2008
Portland Real Estate
Inventory: By Year |
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