Northeast Portland Stats & Review Ending March 2012
We just updated the statistics for the Northeast Portland area.
Overall the NE Portland market is still a buyer’s market. Interest rates are still very low and the average market time is still ok at 123 days. When the year to year Average Sales Price comparison is increasing and the Average Sales Price percent change is conflicts and is decreasing I have to give it a current price trend rating of unchanged.
NE Portland’s Average Sales Price Percent Change is -0.4%.
Average Sales Price Percent Change is a good conservative indicator for determining if a market is appreciating or depreciating. *This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (4/1/11- 3/31/12) and compares it to the rolling average sales price of the previous 12 months (4/1/10-3/31/11).
NE Portland, Oregon’s Current Real Estate Climate When comparing March’s results this year, (2012) to last year (March 2011) here is what you will find:
The average homeowner’s equity increased by $26,200 or 9.5% of value.
Average Sales Price in March 2012 was $274,300
Average Sales Price in March of 2011 was $248,100
Number of closed sales for the month of March was 69
The supply of homes stands at 3.21 months.
To See The Archive of Other Areas Around Portland Click Here
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