December ‘09 – Residential Market Highlights
Filed Under 2009, Residential Statistics · Tagged: Market Data - December 2009, Residential Statistics
Sales activity in the Portland metro area showed marked improvement this December compared to the same month a year ago.
Closed sales were up 52.6% compared to December 2008 and pending sales rose 40.9%. New listings also rose 11.9%.
On the other hand, compared to November 2009, closed sales fell 16.1% (1,506 v. 1,795). Pending sales dropped 14.1% (1,141 v. 1,328). New listings fell 15.8% (2,104 v. 2,499).
At the month’s rate of sales, it would take approximately 7.7 months to sell the 11,597 active residential listings.
2009 Summary
Comparing activity from 2009 with that of 2008, pending sales increased 4%. Closed sales were 0.9% short of the 2008 total. New listings fell 18.8%.
Total sales volume for 2009 was $5.5 billion, down from $6.3 billion in 2008, and $9.7 billion in 2007.
Sale Prices
The average sale price for December 2009 was down 2.5% compared to December 2008, while the median sale price declined 4.2%.
Compared to November 2009, the average price rose 7.3% ($293,300 v. $273,300) and the median grew 1.3% ($242,200 v. $239,000).
For the year, the average sale price dropped 12.2% compared to 2008. The median price fell 11.2%.
Data courtesy of RMLS.
Additional ‘Regional Comparison” data is available for other Portland Metro areas, please feel free to give me a call at 503.467.9997 or send an email.
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November ‘09 – Residential Market Highlights
Filed Under 2009, Residential Statistics · Tagged: Market Data - November 2009, Residential Statistics
In the Portland metro area this November, sales activity increased compared to the same month in 2008.
Closed sales were up 72.4% compared to November 2008 and pending sales rose 19.9%. New listings dropped 7%.
The 72.4% same-month increase in closed sales is the largest percentage increase on record for the area. The previous high was 56.9% in December 1996.
On the other hand, compared to October 2009, closed sales decreased 10.7% (1,795 v. 2,009) and pending sales dropped 36.1% (1,328 v. 2,079). New listings also fell 27.4% (2,449 v. 3,443).
At the month’s rate of sales, it would take approximately 7.1 months to sell the 12,697 active residential listings.
Year-To-Date
Comparing January-November 2009 with the same period in 2008, pending sales were up 2.6%. Closed sales were behind last year’s total by 4.1%. New listings decreased 19.9%.
Sale Prices
The average sale price for November 2009 was down 11.4% compared to November 2008, while the median sale price declined 9.8%.
Month-to-month, the average and median sale price were down when compared with October levels; the average sale price was down 3.6% ($ 273, 300 v. $283,500) and the median sale price decreased 2.5% ($239,000 v. $245,000).
Data courtesy of RMLS.
Additional ‘Regional Comparison” data is available for other Portland Metro areas, please feel free to give me a call at 503.467.9997 or send an email.
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October ‘09 – Residential Market Highlights
Filed Under 2009, Residential Statistics · Tagged: Market Data - October 2009, Residential Statistics
Sales activity in the Portland metro area continued an upward trend compared to same-month sales from a year ago.
Pending sales were up 64% compared to October 2009 and closed sales rose 37.1%. New listings dropped 4.5%.
The 64% jump in pending sales is the largest same-month increase since February 1996. The 2,009 closed sales this October was thehighest total since August 2007 and its 37.1% same-month increase is the largest since January 2005.
Compared to September 2009, closed sales increased 11.6% (2,009 v. 1,800), but pending sales dropped 9.1% (2,079 v. 2,286). New listings also fell 4.3% (3,443 v. 3,599).
At the month’s rate of sales, it would take approximately 6.5 months to sell the 13,101 active residential listings. This is the lowest mark for inventory since August 2007.
Year-To-Date
Comparing January-October 2009 with the same period in 2008, pending sales are up 1.8%. Closed sales are behind last year’s total by 8.8%. New listings are down 20.5%.
Sale Prices
The average sale price for October 2009 was down 12.6% compared to October 2008, while the median sale price declined 10.9%.
Month-to-month, the average and median sale price were mixed when compared with September levels; the average sale price was down 2.3% ($283,500 v. $290,100) and the median sale price increased 1.5% ($245,000 v. $241,400).
Data courtesy of RMLS.
Additional ‘Regional Comparison” data is available for other Portland Metro areas, please feel free to give me a call at 503.467.9997 or send an email.
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First-Time Home Buyers Tax Credit – EXTENDED TO April 30, 2010
Within the next day or so, our President will sign a new bill extended the ‘The American Recovery and Reinvestment Act of 2009′ . There are many new advantages available to new home owners and exisitng home owners with this new extension.
If you have been on the fence about purchasing a new home, now is the time to buy.
To read more about the Tax Credit, click –> PropertyExplorerPDX.com
September ‘09 – Residential Market Highlights
Filed Under 2009, Residential Statistics · Tagged: Market Data - September 2009, Residential Statistics
Sales activity in the Portland metro area continued to show improvement over same-month sales from a year ago.
Pending sales were up 34.1% and closed sales rose 9.8% compared to September 2008. New listings fell 14.3%.
Compared to August 2009, pending sales increased 6% (2,286 v. 2,156), but closed sales dropped 2.2% (1,800 v. 1,841). New listings also fell 4.8% (3,599 v. 3,780).
At the month’s rate of sales, it would take approximately 7.6 months to sell the 13,667 active residential listings, down from 10.4 months last September and lowerthan the 8.6 mark in September 2007.
Third Quater Report
Comparing the third quarter of 2009 with the same period in 2008, pending sales were up 17.5% (6,428 v. 5,471) and closed sales rose 6.5% (5,762 v. 5,409). Closed sales reached the highest mark since Q3 of 2007. New listings dropped 18.7% (11,448 v. 14,089).
Sale Prices
The average sale price for September 2009 was down 8% compared to September 2008, while the median sale price declined 9.6%.
Month-to-month, the average and median sale price were down when compared with August levels; the average sale price was down 2.1% ($290,100 v. $296,300) and the median sale price fell 3.4% ($241,400 v. $249,900).
Data courtesy of RMLS.
Additional ‘Regional Comparison” data is available for other Portland Metro areas, please feel free to give me a call at 503.467.9997 or send an email.
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