The Residential review of the Real estate market in Portland Oregon ending in April of 2007 shows mixed reviews.

The Market Activity in the Portland Metro area from April of 2006 compared to April of 2007 .

• Closed sales increased 1.4%
• Number of new listings rose by 23.1%
• Pending sales dropped by 7.2%
• There is enough inventory on the market for 4.4 months
• Sales for the past 12 month period show a 11.15 Average sales price appreciation
• While Median sale price appreciated by 11.2%

The average sales price was up from $296,600 to $329,400 for the last 12 month period.

While the Median home price was up from $ 249,900 to $277,900 for the same period.

          Area              Average Sales Price      Avg Days on market  For the Month of April

North Portland               $273,200                   46

North East Portland        $312,500                   46

South East Portland       $281,700                   44

West Portland               $449,700                   57

Lake Oswego/West lynn $582,200                   66

All figures are compiled from RMLS and are a synopsis only.

Presented by your Portland Oregon RE/MAX Broker. Portland_Oregon_Information_&_MLS_Search RMLS