Hillsboro/Forest Grove: March 2012

Hillsboro & Forest Grove Stats & Review

Overall the Hillsboro market is still a buyer's market. Interest rates are still very low and the average market time is still ok at 118 days. When the year to year comparison is up and the average sales price percent change is down decreasing I have to give it a current price trend rating of unchanged.

Hillsboro's Average Sales Price Percent Change is -4.9%.

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).

Hillsboro, 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 $6,100 or 3% of value.
Average Sales Price in March 2012 was $201,700
Average Sales Price in March of 2011 was $195,600
Number of closed sales for the month of March was 123
The supply of homes stands at 4.82 months.

(The supply or inventory is how long it would take to sell off the current/available homes on the market at the current rate of sale.)

The time it takes on average from when a homeowner lists their home for sale to when a home has an accepted offer is 118 days.

It's important to compare these statistics to the entire Portland Metropolitan area as a whole which includes all of the city of Portland as well as the surrounding suburbs. This will help you to determine how each area is performing.

City of Portland and All the Surrounding Suburbs Current Real Estate Climate:

The current Rolling Price Appreciation/Depreciation percent change is -5.1%. The current year to year comparison is
-3.3%. Since these two are down I will have to give the monthly current price trend rating for Portland to depreciating. 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 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 (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). In this case the rolling average over the last twelve months is $262,700 and the rolling average of the previous 12 months was $276,900. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -5.1%

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

The average homeowner's equity decreased by $-8500 or -3.4% of value.
Average Sales Price in March 2012 was $252,600
Average Sales Price in March of 2011 was $261,100
Number of closed sales for the month of March was 1262
The supply in the entire Portland Metro area stands at 5.0 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 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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