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September 2009 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending September 30, 2009
The current Portland inventory ending September 2009 is 7.6
months. This means that if there were no new listings
added to the Portland market then it would take approximately
7.6 months to get rid of the current inventory at the current
rate of sale. Right now it takes approximately 131 days to
sell a home. The average market time year to date is 144
days. The average sales price in Portland continued to
decline from the previous 12 months. It fell 11.8% from an
average of $337,00 in September 2009 to an average sales price
today of $297,200. Consequently the median sales price
also fell from $280,000 to $250,400 year to date. New
listing were down from 4200 in September 2009 to 3599 new
listings in September 2009. Pending sales are up and
closed sales up too. This is a key indicator that
inventory will also be down for October. Dropping
inventory levels to more normal levels will help to stable out
the real estate market a bit and get supply and demand levels
more in line to create an even market. |
For the corresponding statistical data for market conditions ending September 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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