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December 2011 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending December 31, 2011

Portland Inventory hits a 4 year low! The Portland market's inventory continued it's decline for the year to 5.3 months remaining. This means that at the current rate of sale the supply of homes will last 5.3 months assuming no new listings hit the market. The supply is one key indicator of overall market performance. The Average Sales Price for the Portland Metropolitan area ended the year at $260,800. When looking at the entire year from January - December 2011 and comparing it to January - December 2010 the average equity lost for the average homeowner for 2011 was -$18,800 or -6.66%. The average market time remained fairly level at 142 days until an offer is accepted. When comparing December 2010 - December 2011 closed sales were up 10.3%, pending sales were up 19.3%, and new listings were down -11.7%. This is the reason why overall inventory levels are the lowest they've been since July of 2007. Each individual area that makes up the entire Portland Metro area had depreciation for December.


For the corresponding statistical data for market conditions ending December 31, 2011 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: 2011
Dec 2011
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