Portland & All Surrounding Suburbs: February 2012

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

Overall the Portland real estate market is still a buyer's market. Interest rates are still very low and the average market time is 138 days down from 177 days last February. The average sales price and median sales price are both up slightly.

The current Rolling Price Appreciation/Depreciation percent change is -5.5%. The current year to year comparison is +4%. Since these two conflict I will have to give the current price trend rating for Portland to unchanged. To truly 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.

*This is the 12 month rolling average for sales price which takes the rolling average sales price over her last twelve months (3/1/11- 2/29/12) and compares it to the rolling average sales price of the previous 12 months (3/1/10-2/28/11). In this case the rolling average over the last twelve months is $263,500 and the rolling average of the previous 12 months was $278,700. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -5.5%

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

The average homeowner's equity increased by $10,600 or 4% of value.
Average Sales Price in February 2012 was $255,100
Average Sales Price in February of 2011 was $244,500
Number of closed sales for the month of February was 1262
The supply in the entire Portland Metro area stands at 6.5 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 138 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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