Market Statistics for October 2009 in Portland Oregon

Posted by Gerry Mains - Managing Broker on Monday, November 23rd, 2009 at 11:11am.

Comparing this month, October 2009, to last year in October, pending sales were up 64% and closed sales rose 37.1%. The inventory is also declining, with new listings down "4.5%".

Part of what is keeping sales on track is that prices have continued to decline, "The average sale price for October 2009 was down 12.6% compared to October 2008, while the median sale price declined 10.9%."

Inventory is down to an fairly balanced level of 13,101 listings which would take 6.5 months to sell at the current pace. 6 month is considered a balanced market.

If you would like further information or local market statistics specific to your neighborhood, please contact us.

All statistics are from Portland RMLS Market Action, October 2009.

1 Response to "Market Statistics for October 2009 in Portland Oregon"

Fred Doleac wrote:
It appears that your market report indicates a market on the upswing. The Boston market is similar with slightly lower prices but an increase in activity. The tax credit is stimulating our low end market.

Posted on Friday, December 25th, 2009 at 4:37pm.

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