January 2011 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending January 31, 2011

Inventory rose by 3 months ending December to January 2011.  At the end of January the Portland Metro area has 11.3 months of inventory.   At the current rate of sale it would take 11.3 months to clear out the current homes for sale assuming no new listings hit the market.  The average Sales Price Percent Change is -3%.  This is calculated by taking the average sales price from January 2009-January 2010 which is $289,000 and dividing it by the average sales price from January 2010-January 2011 which is $280,200.   If you are breaking the stats down by county Clackamas suffered the largest decreases in value at -7.6% while Multnomah suffered the least of the decline at -0.1%.  The total time on market jumped to 160 days.  Which means it would take on average 5.3 months before you as a seller would get an accepted offer on your real estate.  When comparing January 2010 to January 2011 new listings are down -20.5%, pending sales are down -3%, closed sales are up 5% and the average sales price is down -11.9%. 

For the corresponding statistical data for market conditions ending January 31, 2011 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: 2011
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