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.
Deprecated: Function get_magic_quotes_gpc() is deprecated in /home2/pohlreal/public_html/vlog/wp-includes/formatting.php on line 4819