December 2010 Portland, Oregon Inventory and Property Reports:
Market Conditions Ending December 31, 2010
As expected the Portland Inventory shrunk a couple of months
from 10.2 months ending November to 7.9 months ending in
December thanks to stronger pending sales in November. The
average sales price percent change continues it's decline at
-2.7% ($282,100 versus $289,900 last year).
When comparing December 2009 to December 2010 new listings are
down -8.5%, pending sales are up 6.0% and closed sales are down
-2.9%. The average sales price comparing December 2009 to
December 2010 is also down -5.2%. The total time on market
continued to increase from 141 days ending November to 145 days
ending December. That means that if you were to list your
home on average it would take almost 5 months to get an accepted
offer on the home.
For the corresponding statistical data for market conditions ending December 31, 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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