July 2009 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending July 31, 2009
The Portland Real Estate market reduced it's inventory yet
again for 6 straight months. Portland currently has 7.3
months of inventory down from 8.2 in June. From July 2008
to July 2009 the Portland market depreciated by 11% average.
In July 2008 the average sales price $341,100. Whereas
today, July 2009, the average sales price is $303,700. One
key measure is that closed sales and pending sales were both up
from the previous month while new listings dropped by 25.4%.
Who would have thought the market would be worse this year than
last year. Well that's exactly where we are at. When
comparing January-July 2008 to January-July 2009 closed sales
are down a whopping18.7% while pending sales are down 10%.
For the corresponding statistical data for market conditions ending July 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:
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