June 2011

There are 2 blog entries for June 2011.

Market Statistics for May 2011 in the Portland Metro

Saturday, June 18th, 2011 at 4:17pm. 4005 Views, 1 Comments.

May Residential Highlights

While closed sales were down in May 2011 compared with May 2010, pending sales greatly increased compared with the same month a year ago, and inventory hit the lowest level since October 2009. Closed sales were down 15% in May 2011 compared to May 2010. Pending sales were up 45.1%, and new listings dropped 4.1%. See residential highlights table below. Comparing April 2011 with May 2011, closed sales increased from 1,611 to 1,742 (8.1%). Pending sales also increased from 2,005 to 2,167 (8.1%). New listings went up from 3,099 to 3,338 (7.7%). At the month’s rate of sales, the 11,825 active residential listings would last about 6.8 months.

Sale Prices

Average sale price for May 2011 declined 4.8% compared to May 2010.

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Market Statistics for April 2011 in the Portland Metro"

Saturday, June 18th, 2011 at 4:11pm. 4298 Views, 0 Comments.

April Residential Highlights

While sales activity was down in April 2011 compared with April 2010, average and median sale prices increased compared with the previous month of March 2011. Closed sales were down 17% in April 2011 compared to April 2010. Pending sales were down 33%, and new listings dropped 34.2%. See residential highlights table below. Comparing March 2011 with April 2011, closed sales dipped from 1,615 to 1,611 (-0.3%). Pending sales also decreased from 2,014 to 2,005 (-0.5%). New listings went up from 3,056 to 3,099 (1.4%). At the month’s rate of sales, the 11,621 active residential listings would last about 7.2 months.

Sale Prices

Average sale price for April 2011 declined 5.2% compared to April 2010. Median sale price also fell

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