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October 2012 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending October 31, 2012

The Portland, Oregon real estate supply drops to a 5 year low of 3.8 months of inventory. The last time the inventory reached this low of level was March of 2007 and the last time the inventory dropped beneath this level was in August of 2006 when the inventory was at 3.6 months of supply. This means at the current rate of sale it would take 3.8 months to clear out all the current homes for sale assuming no more homes were to hit the market. This low supply of homes is caused by new listings staying flat, pending sales being up, closed sales being 42% and the, average and median sales prices being up while the total time on market is down. The average sales price percent change increased again to 2.3%. The average sales price percent change measures the rolling average sales price over the previous 12 month and compares it to the 12 months prior to that. The average sales price was $284,600 which is up 10.0% from last October. Year to date new listings remain flat at -3.3%, pending sales are up 17.6%, closed sales are up 20.4%, the average, median, and 12 month rolling sales prices are all up and the total time until an accepted offer is down -21%.


For the corresponding statistical data for market conditions ending October 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
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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
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Inventory: By Year
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