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February 2011 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending February 28, 2011

Portland's housing inventory is sitting at 10.9 months ending February 2011.   This means that if the current rate of sale stays the same it would take approximately 10.9 months to clear off the current supply of homes available on the market should no new listings hit the market.  We are still in a very strong buyer's market.  The 12 month average sales price compared to the previous 12 month average sales price is -3.2%From February 2009 to February 2010 the average sales price in the Portland metro market was $287,700 and now from February 2010-February 2011 the average sales price is $278,600.  When comparing February 2010 to February 2011 the data reflects that closed sales were up and pending sales were down considerably.  The average sales price in February in 2011 dropped 10.5% compared to February 2010 and the median sales price dropped 9.1%.  Year to date Jan-Feb 2011 versus Jan-Feb 2010 closed sales are up, pending sales are down and new listings are down.   The total time on market increased 17 days from 160 in January to 177 days ending February 2011. 

For the corresponding statistical data for market conditions ending February 28, 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
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Portland Real Estate
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