June 2009 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending June 30, 2009
Overall the Portland Metro real estate market reduced it's
inventory by 2 months from 10.2 to 8.2. This was the fifth
month in a row that the inventory has dropped. We have not
been at this low of inventory since August 2007. The total
market time is still hovering about 5 months to sell a home on
average. Compared to June 2008 the overall real estate
market in Portland depreciated by 9.7% with an average price in
2008 of $342,900 and today with an average sales price of
$309,600. Homes in Portland and surrounding suburbs are
getting more affordable, but at the same time their are their
are less closed transactions from one year ago in June 2008. |
For the corresponding statistical data for market conditions ending June 30, 2009 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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