Market Statistics for February 2010 in the Portland MetroPosted by Gerry Mains - Managing Broker on Wednesday, December 8th, 2010 at 10:31am.
February Residential Highlights
Sales activity in the Portland metro area improved in February 2010 compared to the same month a year ago.
Comparing February 2010 with February 2009, closed sales increased 18.4%. Pending sales also jumped 45%, and new listings rose 12.4%.
When comparing February 2010 with the month prior, January 2010, closed sales grew a slight 2.9% (1,015 v. 986) and pending sales were up 20.5% (1,850 v. 1,535). New listings, on the other hand, dropped just 1% (3,902 v. 3,937).
At the month’s rate of sales, the 13,101 active residential listings would last approximately 12.9 months.
The average sale price for February 2010 was down 8.5% compared to February 2009, while the median sale price declined 9.3%.
Month-to-month, the average price decreased 3.3% ($273,100 v. $282,400) and the median fell 2.1% ($235,000 v. $240,000), when comparing February 2010 to January 2010.
Courtesy of RMLS.
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