Market Statistics for September 2009 in Portland Oregon

Posted by Gerry Mains - Managing Broker on Monday, November 23rd, 2009 at 11:10am.

It may not be the boom times of a few years ago, but the pace of sales in the Portland Metro has actually picked up quite a bit from September of last year. "Pending sales were up 34.1% and closed sales rose 9.8% compared to
September 2008." The inventory is also declining, with new listings down "14.3%".

Prices on the other hand have continued to decline, "The average sale price for September 2009 was down 8% (to 290,100 vs 315,300) compared to September 2008, while the median sale price declined 9.6% (to 241,400 vs 267,000)/

Inventory is down to an almost balanced level 13,667 listings which would take 7.6 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 RMLS Market Action, September 2009.


Be the first to comment on this blog entry!


Leave a Comment

My Account

| Forgotten It?

Recent Blog Posts

Dec31

Oregon Is The Number One State To Move To In 2013

Oregon was the top destination to move to in 2013. United Van Lines, the nation’s largest household moving company, released its 37th annual migration study t...

9 Comments Read More

Dec31

Distressed Sales Drop From 28.6% to 15.1%

2013 was a year of significant improvements for the Portland real estate market. The number of distressed sales, otherwise known as bank owned or short sales, h...

3 Comments Read More

Dec31

Portland #1 For Best US Cities For People 35 and Under

The city of Portland has enjoyed a long list of kudos and awards for the many things that make this city a great place to live. Today we won another award, thou...

6 Comments Read More

We're always on the lookout for talented real estate agents to join our growing team.

We offer cutting edge technology and some of the most competitive commission splits available.

Email Bookmark and Share