April 2010 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending April 30, 2010
Overall the current Portland inventory is at 7.3 months.
This means at the current rate of sale it would take
approximately 7.3 months to sell off all the homes that are
currently available. The average sales price continues
it's decline downward. The average sales price 12 months
ago was $319,200 and now it's $286,000. This is a 10.4%
drop from a 12 month rolling average standpoint. March
2009 to March 2010 was a 10.9% drop, February 2009- to February
2010 was a 11.5% drop and January 2009-January 2010 was an 11.7%
drop. There were 1941 closed sales this month and even
more pending sales at 2991. This indicates we should have
more closed sales next month. There was a 49.1% increase
in closed sales from last year at this time and overall for the
year we are up 41.4% of closed sales.
For the corresponding statistical data for market conditions ending April 30, 2010 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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