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North Portland Stats & Review Ending June 2012 – Portland, Oregon Real Estate Information
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North Portland Stats & Review Ending June 2012

North Portland Stats & Review Ending June 2012

We just added the market conditions for June 2012, check them out here.

North Portland Stats & Review Ending June 2012

Overall the North Portland market is  still a buyer’s market.  Interest rates  are still very low and the average market time is still good at 84 days.  When the year to year price comparison is up and the average sales  price percent change is up  from last year at this time I have to give it a current price trend rating of Appreciating.
North Portland’s Average Sales Price Percent Change is  4.4% ending June 2012 compared to North Portland’s Average  Sales Price Percent Change ending June 2011 was -7.3%  or an increase of 11.7%  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 (7/1/11- 6/30/12) and compares it to the  rolling average sales price of the previous 12 months (7/1/10-6/30/11).

North Portland, Oregon’s Current Real Estate Climate When comparing June’s results  this year, (2012) to last year (June  2011) here is what you will find:

The average  homeowner’s equity increased  by $43,700 or 17.6% of value.

Average  Sales Price in June 2012  was $247,700

Average  Sales Price in June of  2011 was $204,000

Number of closed sales for the month of June  was 101

The supply  of homes stands at 2.92 months.


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