Portland Market Report for March 2009
Filed Under Uncategorized · Tagged: moving to portland, portland homes for sale, portland real estate, remax broker
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.
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                               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.
Agent Profile
I work in the greater Portland Metropolitan area offering my 20 years of expertise to Buyer\'s and Seller\'s alike. I am able to keep track of my Buyer\'s and Seller\'s with out over extending my self through my Web sites. www.portlandrealproperty.com is for Sellers and Information where as www.househuntportland.com is for Buyers and www.portlandflips.com is for the Investor. The Buyer and Investor web sites allow purchasers to define thier search criteria with many of the same search criteria that Realtors use. They can also request to recieve an update of these properties as often as every 20 minutes refreshed 24 hrs a day by the local MLS. Property information will be emailed to the client on an intuitive street map with a photo, description, and an address allowing the Buyer to do a quick drive by if they choose before calling for an appointment. On the Purely Business side of Blogging be sure to stop by www.portlandflips.wordpress.com where you\'ll be sure to find many articles written about real estate as well as my Activerain Blog at www.activerain.com/blogs/herb
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