Market Statistics for August 2009 in the Portland Metro

Posted by Gerry Mains - Managing Broker on Tuesday, September 15th, 2009 at 10:07am.

Residential sales activity for the month of August 2009 was busier then last year with Pending sales up 13% and closed sales up 4%, however, new listings fell 14.1% and the median price for the trailing 12 months was down -9.4% to $255,000 vs. 281,600 in 2008.

Year-to-date numbers "comparing January-August 2009 with the same period in 2008, closed sales are down 15.6% and pending sales decreased 7.2%. New listings also dropped 22.4%."

Across the Columbia river in Vancouver / Clark County, "compared to the same month last year, pending sales rose 24.9% this August and closed sales increased 11.1%. New listings, on the other hand, dropped 21.4%.

If you would like further information or market statistics, please contact us.

All statistics are from RMLS Market Action, August 2009.

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