January 2012 Portland, Oregon Inventory and Property Reports:
| Overall the Portland Metropolitan Real Estate Market continued its strong demand for real estate. Portland had posted very high inventory levels in January over the last three years and if this is any indication to what the rest of the year will be then we are in for a strong real estate market with low inventory levels and good demand for housing in 2012. When comparing January 2011 to January 2012 there are many notable differences: 1. Inventory is down by 4.3 months, 2. New listings are down -16.5%, 3. Pending sales are up 22.4%, 4. Closed sales are up 18.3% and 5. The total time it takes to get an accepted offer decreased by almost 1 month, and 6. The average sales price did not decrease it actually stayed very level ($249,100 compared to $248,900 last January). For those of you current homeowners that have been looking for some positive real estate news in Portland, you finally received a little. It will be interesting to see if this is the first indication of stabilization. |
For the corresponding statistical data for market conditions ending January 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:
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