Portland Market Report for March 2009
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Market Action Report , Source : RMLS Oregon for Residential Listings
The Portland Metro market activity continues to grow in 2009 although it is still slightly behind 2008 levels for the same reporting period last year.
March 2009 closed sales grew by 382% pending sales were up 28.3% over February 2009.
Inventory levels also dropped to 12 months, it’s lowest since October 2008. Average and Median sales price however continued to drop by 11.8% and 14% respectively for the month of March as compared with February.
Current Month Year to Date
New Listings 141 477 Area141 ( North Portland )
355 1,064 Area 142 ( Northeast Portland )
423 1,376 Area 143 ( Southeast Portland )
Pending Sales 82 193 Area 141
2009 180 430 Area 142
230 573 Area 143
Closed Sales 68 132 Area 141
117 303 Area 142
169 423 Area 143
Average Sales $216,600 $232,000 Area 141
Price $290,000 $296,000 Area 142
$237,400 $239,000 Area 143
Median Sales $229,600 Area 141
Price $260,000 Area 142
$210,000 Area 143
Days on The 114 Area 141
Market 130 Area 142
149 Area 143
All information is deemed to be accurate but not guaranteed and is only a partial amount of information provided by RMLS. Use of this information is for entertainment only and should not be used as a basis for conducting real estate activity.
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Broker Herb Hamilton
Every Buyer and Seller is equally important to me. A Buyer or Seller’s price range has no bearing on our relaionship. Give me a call on my Cell phone for Sudden service at (503) 515-8889 Herb Hamilton is a Licensed Real Estate Broker in Oregon
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