Thursday, December 27, 2012
Wednesday, November 14, 2012
Monday, September 24, 2012
Exclusive Realtor Info: Aug '12 Portland Market Action
August Residential Highlights
The real estate market in the Portland Metro area continues to improve. All measures of real estate activity are positive when comparing August 2012 with August 2011.
At 2,311, closed sales reached the highest level for a single month period in fi ve years, when August 2007 posted 2,554 sales. August 2012 sales were 28.0% higher than August 2011 sales of 1,805 and 17.1% over the 1,973 July total.
Pending sales were also strong, boding well for continued strength in closings through the fall months. There were 2,387 accepted off ers in August, 9.1% more than the 2,187 reported in August 2011, and almost identical to the 2,372 pendings in July.
New listings rose 7.6% from 2,879 to 3,099 when comparing August 2011 to August 2012, but were down slightly (-2.0%) from the previous month. The unsold inventory retreated to its June low of 3.9 months.
Year-To-Date Trends
In the fi rst eight months of 2012, there have been 3.7% fewer new listings, 16.8% more accepted off ers and 17.4% more closed sales than in the January through August period of 2011. Prices are stabilizing and showing improvement. The average sales price year-to-date of $271,100 is 2.7% higher than the average price in the same period last year, while the 2012 year-to-date median of $230,000 is 4.5% higher than the median last year. Total market time has dropped 20.3% from 146 days last year to 117 days through August of 2012.
Information courtesy of RMLS. If you would like a copy of the full report, please send me an email.
The real estate market in the Portland Metro area continues to improve. All measures of real estate activity are positive when comparing August 2012 with August 2011.
At 2,311, closed sales reached the highest level for a single month period in fi ve years, when August 2007 posted 2,554 sales. August 2012 sales were 28.0% higher than August 2011 sales of 1,805 and 17.1% over the 1,973 July total.
Pending sales were also strong, boding well for continued strength in closings through the fall months. There were 2,387 accepted off ers in August, 9.1% more than the 2,187 reported in August 2011, and almost identical to the 2,372 pendings in July.
New listings rose 7.6% from 2,879 to 3,099 when comparing August 2011 to August 2012, but were down slightly (-2.0%) from the previous month. The unsold inventory retreated to its June low of 3.9 months.
Year-To-Date Trends
In the fi rst eight months of 2012, there have been 3.7% fewer new listings, 16.8% more accepted off ers and 17.4% more closed sales than in the January through August period of 2011. Prices are stabilizing and showing improvement. The average sales price year-to-date of $271,100 is 2.7% higher than the average price in the same period last year, while the 2012 year-to-date median of $230,000 is 4.5% higher than the median last year. Total market time has dropped 20.3% from 146 days last year to 117 days through August of 2012.
Information courtesy of RMLS. If you would like a copy of the full report, please send me an email.
Monday, August 27, 2012
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