Gresham/Troutdale: May 2012

Gresham Stats & Review

Overall the Gresham market is still a buyer's market. Interest rates are still very low and the average market time is still good at 98 days. When the year to year price comparison is up significantly and the average sales price percent change is down I have to give it a current price trend rating of Unchanged.

Gresham's Average Sales Price Percent Change is -5.7%.

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 (6/1/11- 5/31/12) and compares it to the rolling average sales price of the previous 12 months (6/1/10-5/31/11).

Gresham, Oregon's Current Real Estate Climate when comparing May's results this year, (2012) to last year (May 2011) here is what you will find:

The average homeowner's equity increased by $2800 or 1.5% of value.
Average Sales Price in May 2012 was $186,600
Average Sales Price in May of 2011 was $183,800
Number of closed sales for the month of May was 147
The supply of homes stands at 3.76 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 98 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 -3.8%. The current year to year comparison (May 2011- May 2012) is 6.8%. With the Average and Median Sales Price both up significantly from last year, supply levels at a 5 year low, demand up significantly, marketing time and new listing down I have to give it an overall rating of appreciation. 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 (6/1/11- 5/31/12) and compares it to the rolling average sales price of the previous 12 months (6/1/10-5/31/11). In this case the rolling average over the last twelve months is $263,900 and the rolling average of the previous 12 months was $274,200. You take the rolling average price difference and divide it by previous 12 month rolling average and you get -3.8%

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

The average homeowner's equity increased by $19,000 or 7.2% of value.
Average Sales Price in May 2012 was $281,400
Average Sales Price in May of 2011 was $262,400
Number of closed sales for the month of May 2012 was 2098
Number of closed sales for the month of May 2011 was 1742
The closed sales ratio is an increase of 356 or 20.4%

The supply in the entire Portland Metro area stands at 4.2 months.
The time it takes on average from when a homeowner lists their home to when a home has an accepted offer is 114 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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