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November 2009 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending November 30, 2009
In the Portland, Oregon area the real estate market's inventory
increased slightly from 6.5 months to 7.1 months. What
this means is that at the current rate of sale it would take
approximately 7.1 months to clear off all the current listings.
The average time on market remained somewhat level decreasing a
bit from 135 days to 131 days. Once again new listing were
down and pending and closed sales were up from the twelfth month
prior. The average sales price is also down from $330,300
to $290,300 which is a 12.9% price decline from November 2009 to
November 2009. One big stat is that closed sales are up
72.4% (1795 to 1041) year to date from November 2009. New
listings also decreased by almost 20%. Overall, the market
still showing much volatility. |
For the corresponding statistical data for market conditions ending November 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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Portland Real Estate
Inventory: 2009
Portland Real Estate
Inventory: By Year |
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