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.

Comments