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David Waite's Blog

By David Waite PC | Broker in Beaverton, OR

Portland Metro Area Real Estate Market - Increase in pending, sold and sales prices

Portland Market Highlights – Prices continue to move upward.  Both pending and closed sales increased….

 

October Highlights

The Portland real estate market is

building some steam. Both pending

and closed sales posted the best

October numbers since 2006.

 

Year-To-Date Trends

The upswing in the Portland

Market is evident in the year-to-date

statistics. In the first ten months of

2012, there were 29,246 new listings,

21,091 accepted offers, and 19,716

closed sales. Compared to the same

period last year, new listings are

down by 3.3% from the 2011 listing

count of 30,243; but pending sales

are up 17.6% from 17,939 last year;

and closed sales are up 20.4% from

16,372.

Prices also continue to move

upward. The average sale price so

far in 2012 is $273,400, 3.7% higher

than the average price of $263,700

in the same period last year, while

the 2012 year-to-date median of

$232,500 is 5.2% higher than the

median of $221,000 last year.

Total market time has dropped

21.0% from 144 days last year to 102

days for the first ten months of 2012.

 

Like more info….please contact me and I will send you the full report.

David Waite PC

John L. Scott Market Center

Real Estate Broker & VA Specialist

Call or Text 503-887-5323

Home Office 503-628-4558

Email waite-david@msn.com

www.propertyinportland.com

Fax 503-214-5504

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