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September 2009 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending September 30, 2009

The current Portland inventory ending September 2009 is 7.6 months.  This means that if there were no new listings added to the Portland market then it would take approximately 7.6 months to get rid of the current inventory at the current rate of sale.  Right now it takes approximately 131 days to sell a home.  The average market time year to date is 144 days.  The average sales price in Portland continued to decline from the previous 12 months.  It fell 11.8% from an average of $337,00 in September 2009 to an average sales price today of $297,200.  Consequently the median sales price also fell from $280,000 to $250,400 year to date.  New listing were down from 4200 in September 2009 to 3599 new listings in September 2009.  Pending sales are up and closed sales up too.  This is a key indicator that inventory will also be down for October.  Dropping inventory levels to more normal levels will help to stable out the real estate market a bit and get supply and demand levels more in line to create an even market.


For the corresponding statistical data for market conditions ending September 30, 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
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Portland Real Estate
Inventory: By Year
2018 2017 2016
2015 2014 2013
2012 2011 2010
2009 2008  
     

 

 

 

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