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December 2012 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending December 31, 2012

The Portland Real Estate market continues to flourish. Total Portland inventory hits the lowest point in the year at 3.6 months. The last time the inventory was this low was in August of 2006 and the last time the inventory was lower in the month of December was December 2005, 7 years ago. When comparing December 2011 to December 2012, new listings are down -24.4%, pending sales are down -4.1%, closed sales are up 9.1%, the average sales price increased 11.3%, the median sales price increased 14.5% and the total time on market declined by -21.4%.

Here are the basic stats for year 2012 (Jan-Dec), which includes the entire Portland Metropolitan Area:

Average Sales Price = $275,000
Median Sales Price = $235,000
Average Time to Get an Accepted Offer on Your Listing = 112 days
Total New Listings = 32,300
Total Accepted Offers = 24,010
Total Closed Sales =23,438
Total Current Active Inventory Ended at = 6352 homes or 3.6 months
Total Volume of Sales = 6.45 billion

With interest rates at all time lows, real estate inventory at 6 year lows, prices appreciating at approximately 10%, unemployment in Oregon at 8.4% down from 2009 high of 11.6%, expect the Portland, Oregon real estate market to continue to thrive. Overall the market is now starting its turn from a neutral real estate market to a sellers real estate market. It will be very interesting to see if this trend continues into 2013.


For the corresponding statistical data for market conditions ending December 31, 2012 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: 2012
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
June 2012
July 2012
Aug 2012
Sep 2012
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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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