North Portland Stats & Review Ending February 2012
We just updated the statistics for North Portland.
Overall the North Portland market is still a buyer’s market. Interest rates are still very low and the average market time is still ok at 93 days. When the year to year comparison and the average sales price percent change conflict I usually give it a current price trend rating of unchanged, but since the percent change is low at -1.8% and the year to year is so high at 10.4% I’m changing it to appreciating.
North Portland’s Average Sales Price Percent Change is -1.8%.
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 (3/1/11- 2/29/12) and compares it to the rolling average sales price of the previous 12 months (3/1/10-2/28/11).
North Portland, Oregon’s Current Real Estate Climate When comparing February’s results this year 2012 to last year (February 2011) here is what you will find:
The average homeowner’s equity increased by $21,400 or 10.4% of value.
Average Sales Price in February 2012 was $206,700
Average Sales Price in February of 2011 was $185,300
Number of closed sales for the month of February was 59
The supply of homes stands at 4.7 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 93 days.
To See The Archive of Other Areas Around Portland Click Here
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