Market Statistics - Becky Wagar

Portland Metro Real Estate Statistics

RESIDENTIAL MARKET UPDATE

February Residential Highlights

Sales activity in the Portland metro area improved in February 2010 compared to the same month a year ago.

Comparing February 2010 with February 2009, closed sales increased 18.4%. Pending sales also jumped 45%, and new listings rose 12.4%.

When comparing February 2010 with the month prior, January 2010, closed sales grew a slight 2.9% (1,015 v. 986) and pending sales were up 20.5% (1,850 v. 1,535). New listings, on the other hand, dropped just 1% (3,902 v. 3,937)

At the month's rate of sales, the 13,101 active residential listings would last approximately 12.9 months.

Sales Prices

The average sale price for February 2010 was down 8.5% compared to February 2009, while the median sale price declined 9.3%.

Month-to-month, the average price decreased 3.3% ($273,100 v. $282,400) and the median fell 2.1% ($235,000 v. $240,000), when comparing February 2010 to January 2010.

Metro Portland, Oregon - Highlights
	New Listings	Pending Sales	Closed Sales	Average Sale Price	Median Sale Price	Average Market Time*
2010 - Feb	3,902	1,850	1,015	273,100	235,000	150
2010 - YTD	7,918	3,299	2,043	276,300	236,000	147
2009 - Feb	3,471	1,276	857	298,500	259,000	153
2009 - YTD	7,754	2,450	1,613	297,900	255,000	152

Data provided by Portland RMLS

*Total Market Time is the number of days from when a property is listed to when an offer is accepted

on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue;

However, it does not include the time that it was off the market.

Inventory in Months

Portland Metro Real Estate Statistics

RESIDENTIAL MARKET UPDATE