July 2011 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending July 31, 2011

The current inventory ending July 2011 for the Portland metropolitan area stands at 7 months. The Lake Oswego/West Linn area is leading with approximately 9.26 months of inventory. So for homeowners to sell their homes in Lake Oswego either prices need to drop making it attractive for a prospective buyer or people need to take their home off the market. With this much inventory the buyer's have a lot of choices and a lot of power. As supply increases demand falls and thus prices will usually follow suit. Over the last twelve months the average sales price is $269,900 which is down $14,300 from the average sales price the previous 12 months. This equates to -5% depreciation overall in the Portland Metro area. The total market time is staying strong at 132 days.


For the corresponding statistical data for market conditions ending July 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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