Market Statistics for September 2010 in the Portland Metro

Posted by Gerry Mains - Managing Broker on Wednesday, December 8th, 2010 at 10:45am.

September Residential Highlights

Comparing September 2010 to September 2009, closed sales decreased by 22.3%. Pending sales and new listings also fell by 30.7% and 1.4%, respectively. See residential highlights table below. A comparison of September 2010 with the previous month, August 2010, shows closed sales increased by 1.3% (1,399 v. 1,381). However, pending sales dropped by 6.2% (1,584 v. 1,688), and new listings fell by 7.3% (3,549 v. 3,829). At the month’s rate of sales, the 14,714 active residential listings would last approximately 10.5 months.

Sale Prices

The average sale price for September 2010 declined 3.5% compared to September 2009. The median sale price also fell 0.6%. On a month-to-month basis, comparing September 2010 to August 2010, the average sale price went down 6.5% ($279,900 v. $299,300) and the median sale price also dropped 4% ($240,000 v. $250,000).

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Courtesy of RMLS.

 

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