NW Washington County: January 2013

Northwest Washington County Stats & Review

Overall the NW Washington County market is a sellers real estate market.  On the buyer’s side interest rates are still at all time lows and the average market time is even at 152 days.  On the seller’s side overall inventory is extremely low and average sales price percent change is flat.  When the year to year price comparison is up this much and the average sales price percent change is up slightly from last year at this time I have to give it a current price trend rating of Appreciating.

NW Washington County’s Average Sales Price Percent Change is -0.2% ending January 2013 compared to NW Washington County’s Average Sales Price Percent Change ending January 2012 was -0.9% or an increase of +0.7% comparatively. 

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 (2/1/12- 1/31/13) and compares it to the rolling average sales price of the previous 12 months (2/1/11-1/31/12). 

NW Washington County, Oregon's Current Real Estate Climate When comparing January’s results this year, (2013) to last year (January 2012) here is what you will find:

The average homeowner's equity increased by $28,000 or  +8.3% of value.
Average Sales Price in January 2013 was $367,000
Average Sales Price in January of 2012 was $339,000
Number of closed sales for the month of January 2013 was 77, up by 67%.
Number of closed sales for January 2012 was 46.
The January 2013 supply of homes stands at 2.8 months, down 67%.
January 2012 supply of homes was 8.5 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 152 days.  This statistic is up by 34 days (The January 2012 Total Marketing Time ended at 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 +5.4%, which is an 11.5% increase from -6.1% ending January 2012 .  The current year to year comparison average price change from (January 2012- January 2013) prices are up 15.5%.  With the Rolling Average Price increasing 11.5%, Average and Median Sales Price both substantially higher from last year (15.5% & 19.5%), supply levels low at 4.7 months, demand up, marketing time down to 114 days (136 days ending January 2012) I have to give it an overall market rating of Appreciating prices.  To 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 (2/1/12- 1/31/13) and compares it to the rolling average sales price of the previous 12 months (2/1/11-1/31/12).  In this case the rolling average over the last twelve months is $277,000 and the rolling average of the previous 12 months was $262,900.  You take the rolling average price difference and divide it by previous 12 month rolling average and you get +5.4%.

When comparing January’s results this year 2013 to last year (January 2012) here is what you will find:

The average homeowner's equity increased by $38,600 or 15.5% of value.
Average Sales Price in January 2013 was $287,700
Average Sales Price in January of 2012 was $249,100
Number of closed sales for the month of January 2013 was 1344
Number of closed sales for the month of January 2012 was 1224
The closed sales ratio reflected an increase of 120 or 9.8%

The January 2013 supply in the entire Portland Metro area stands at 4.7 months down 2.3 months from last year.
The January 2012 supply in the entire Portland Metro area was 7.0 months, which was down 4.3 months from January 2010’s 11.3  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, which is down 22 days from January 2012’s total market time of 136 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.

2013 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.
For 2012 Portland Area/Section Reports click here.

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