May 2009 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending May 31, 2009
The Portland Real Estate Market statistics improved from April
to May. The current inventory remaining in the Portland
area is now 10.2 months compared to 11 months last month.
Coming into the summer months the decline was expected but if
history proves itself the next three months should remain
relatively level and then in September the inventory spiked
up significantly over the last few years. Ok if we compare
last month with this month pending sales rose by 5.8% and closed
sales also increased by 9.6%. The amount of new listings
that entered the market place also grew by 1.9%. There
were 1427 closed sales in the Portland Metro area last month.
The current average 12 month rolling average home price is now
$315,500 compared with $343,200 one year ago. This is a
For the corresponding statistical data for market conditions ending May 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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