Portland & All Surrounding Suburbs: April 2012

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

Portland Metropolitan Area Stats & Review

The current Rolling Price Appreciation/Depreciation percent change is -4.9%. The current year to year comparison (April 2011-April 2012) is -1.8%. Even though these two are down I will have to give the monthly current price trend rating for Portland to Unchanged because there are too many signals and factors which leads to price stabilization. In addition, the median price is higher a few percentage points from last year. 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 (5/1/11- 4/30/12) and compares it to the rolling average sales price of the previous 12 months (5/1/10-4/30/11). In this case the rolling average over the last twelve months is $262,100 and the rolling average of the previous 12 months was $275,500. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -4.9%

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

The average homeowner's equity decreased by $-4900 or -1.8% of value.
Average Sales Price in April 2012 was $262,400
Average Sales Price in April of 2011 was $267,300
Number of closed sales for the month of April was 1822
The supply in the entire Portland Metro area stands at 4.7 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 123 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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