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February 2009 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending February 28, 2009

The Portland Real Estate Market statistics data improved as expected from January 2009 to February 2009.  Total inventory dropped from an all time high of 19.2 months to 16.6 months or a reduction of 2.6 months.  At the current rate of sale it would take 16.6 months to clear out the entire Portland inventory assuming no more inventory was added.  The total time on market almost doubled year to date from 85 days to now a 153 days.  Closed sales, pending sales and new listings all dropped substantially from February of 2008 to February 2009 (38.1%, 30.5%, 19.7%).  If you take a snapshot of the average sale price from February 2008 to February 2009 the market declined 12.9% while the median sale price declined 7.5%.  This news bodes very well for first time homebuyers and others who are currently not owners of real estate.

For the corresponding statistical data for market conditions ending February 28, 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
Mar 2009
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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