Portland Market Highlights â€“ Prices continue to move upward.Â Both pending and closed sales increasedâ€¦.
The Portland real estate market is
building some steam. Both pending
and closed sales posted the best
October numbers since 2006.
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
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 infoâ€¦.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