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August 2009 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending August 31, 2009

Well after 6 months of declines in the Portland inventory by month end their was a slight rise in inventory levels from 7.3-7.8 months.  This means that with the average time on market it would take approximately 7.8 to sell all the current listings on the market.  The average sales price continues to on a 12 month rolling average.  From August 2009 to August 2009 the average sales price has declined by 11.4% from $338,500 to just under $300,000 ($299,800).  With the combination of active and pending listings trending lower and new listings and pending sales dropping dramatically it's created an interesting real estate climate.  An average real estate market is approximately 6 months of inventory.  We are getting closer to normal inventory levels due to the fact that very people are staying put because they don't have enough equity in their houses with about 20% depreciation over the last two years to create enough room to sell their homes.  Also banks are still making it very tough to purchase a home.  Right now the homes that are moving and selling are bank owned and investor homes with tremendous value.


For the corresponding statistical data for market conditions ending August 31, 2009 click here.

Click on any link below to see any of the previous market condition summaries for Portland residential real estate broken down by month and year:

Real Estate Market Conditions Archive For Portland, Oregon:

2018 Jan
2017 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2016 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2015 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2014 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2013 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2012 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2011 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2010 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2009 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
2008       Apr May June July Aug Sept Oct Nov Dec
                         

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Portland Real Estate
Inventory: 2019
Dec 2009
Nov 2009
Oct 2009
Sep 2009
Aug 2009
Jul 2009
Jun 2009
May 2009
Apr 2009
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Feb 2009
Jan 2009

Portland Real Estate
Inventory: By Year
2018 2017 2016
2015 2014 2013
2012 2011 2010
2009 2008  
     

 

 

 

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