September 2012 Portland, Oregon Inventory and Property Reports:

Market Conditions Ending September 30, 2012

The Portland, Oregon real estate supply continues increases slightly to 4.6 months from last months 3.9 month year low. This means at the current rate of sale it would take 4.6 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 being down, pending sales being up, closed sales being up, average and median sales prices being up and total time on market being down. The average sales price percent change stayed positive again and increased overall to +1.0%. 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 $269,500 which is up 1.0% from last August. Some of the notable statistics ending September 2012 were: the Beaverton/Aloha Average Sales Price Percent Change increased by 14.9%, which is a huge jump in appreciation, the Tigard/Wilsonville's Average Time on Market dropped 83 days or 48% from the year before, and Lake Oswego/West Linn's prices declined slightly. Overall the entire Portland Metro inventory has dropped about 31% from last year. As long as interest rates remain at historic lows between 3-4% and inventory stays under 6 months, then you should expect to see very strong real estate results for Portland.


For the corresponding statistical data for market conditions ending September 30, 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:

2019 Jan Feb
2018 Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec
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
                         

Add This Page To Your Reading List: Add This Page to Your Favorites
Portland Real Estate
Inventory: 2012
Jan 2012
Feb 2012
Mar 2012
Apr 2012
May 2012
June 2012
July 2012
Aug 2012
Sep 2012
Oct 2012
Nov 2012
Dec 2012

Portland Real Estate
Inventory: By Year
2019
2018 2017 2016
2015 2014 2013
2012 2011 2010
2009 2008