- (503) 888-1897
- Email Us
- Client Login
Portland & All Surrounding Suburbs: May 2012City of Portland and All the Surrounding Suburbs Stats & Review: 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. The supply in the entire Portland Metro area stands at 4.2 months. 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.
|
