Portland real estate market conditions June 2009
As the sun came out in June, the Portland real estate market started to finally brighten also.
There are signs of good news in the Portland area housing market. June 2009 pending sales were up 8.4% over June 2008. It’s the first time since December ’06 that pending sales were higher than the same month of the year before. Maybe the worst is 
behind us.
Comparing June 2009 with May 2009, closed sales were up 24.5%, pending sales were up 10% and new listings were also up 9.7%.
Inventory in Months–see box to the right–dropped for the 5th consecutive month.
All of these numbers are moving in the correct direction for a recovery in our housing market.
In the entire Portland Metro area:
The 12 month average appreciation rate is: -9.7%
This month’s Average Sales Price is: $299,800
This month’s Median Sales Price is: $249,900
Questions or comments about the market?
Email me Mailto:Anne@PortlandHomeSource.com
|
FOR SALE |
Beaverton & Aloha | Hillsboro | Lake Oswego & West Linn | Portland | Sherwood | Tigard & Tualatin |
| $150-250,000 | 520 | 280 | 131 | 2346 | 43 | 122 |
| $251-350,000 | 292 | 172 | 154 | 1923 | 54 | 210 |
| $351-450,000 | 120 | 65 | 131 | 1208 | 42 | 152 |
| $451-550,000 | 43 | 17 | 147 | 800 | 22 | 73 |
| $551-750,000 | 27 | 16 | 207 | 956 | 18 | 45 |
| Over $750,000 | 31 | 24 | 316 | 966 | 45 | 34 |
| Inventory in mos1 | 6.1 | 6.2 | 12.0 | 7.9 | 6.6 | 7.1 |
| Avg YTD Sale Price | 246,900 | 251,300 | 468,700 | 295,100 | 326,000 | 326,000 |
| Avg Sale Price % change2 | -8.6% | -10.5% | -13.0% | -9.7% | -8.8% | -8.8% |
1 Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months with 12 months before.
All statistical information comes from RMLSTM
