January 2010 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending January
31, 2010
Well it's time for a new year of real estate in Portland.
The year kicked off with a very slow start to the real
estate market. From a 12 month rolling average the average
sales price and median sales price continued it's decline.
This 12 month average sales price showed continued depreciation
of 11.7%. Last year the 12 month rolling average for
January 2009 was $327,000 and now the 12 month rolling average
January 2010 is $289,200. The current inventory of home is
12.6 which is up about 5 months from December. (Inventory
is measured in total months. This means if no new homes
entered the marketplace it would take X amount of months to
clear the current inventory at today's rate of sale.) On a
positive note the inventory is down about 6.5 months from last
January's inventory levels. The average time on market is
145 days. |
For the corresponding statistical data for market conditions ending January 31, 2010 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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