Portland & All Surrounding Suburbs: November 2012

City of Portland and All the Surrounding Suburbs Stats & Review:

The current Rolling Price Appreciation/Depreciation percent change is +3.2%, which is a 10% increase from -6.8% ending November 2011 .  The current year to year comparison average price change from (November 2011- November 2012) prices are up 7.7%.  With the Rolling Average Price increasing 10%, Average and Median Sales Price both substantially higher from last year, supply levels low at 4.2 months, demand up significantly, marketing time down to 101 days (135 days ending November 2011) I have to give it an overall market rating of Appreciating prices.  To establish trend you need to consider the very longer term such as rolling average sale price percent change from year to year but you also need to consider the immediate trend when compared to last year’s same month and in many cases even the previous few months of data.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (12/1/11- 11/30/12) and compares it to the rolling average sales price of the previous 12 months (12/1/10-11/30/11).  In this case the rolling average over the last twelve months is $272,800 and the rolling average of the previous 12 months was $264,400.  You take the rolling average price difference and divide it by previous 12 month rolling average and you get +3.2%.

When comparing November’s results this year 2012 to last year (November 2011) here is what you will find:

The average homeowner's equity increased by $20,000 or 7.7% of value.
Average Sales Price in November 2012 was $279,400
Average Sales Price in November of 2011 was $259,400
Number of closed sales for the month of November 2012 was 1733
Number of closed sales for the month of November 2011 was 1521
The closed sales ratio reflected an increase of 212 or 14%

The November 2012 supply in the entire Portland Metro area stands at 4.2 months down 2 months from last year.
The November 2011 supply in the entire Portland Metro area was 6.2 months, which was down 4 months from November 2010’s 10.2 months.

The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 101 days, which is down 34 days from November 2011’s total market time of 135 days.

Portland Metro Real Estate data comes from the RMLS of Portland, which is the region’s local multiple listing source for real estate listings. If you would like to receive e-mailed reports simply let me know.

2012 Portland Area/Section Reports:

For the most current Portland real estate market recap summary click here.
For the most current Portland real estate statistics summary click here.

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