October's Residential Highlights for the Greater Portland Metro area continue to show an upward trend compared to the same month a year ago. Inventory levels continue to drop showing 6.5 months a level not seen since August 2007 down from its previous high of 19.2 months reported in January 2009.
Northeast Portland this month shows a slight decrease in the amount of new listings coming on the market over last months activity. Pending Sales for this month show a drop while Closed Sales are up and the days on the market remain fairly constant.
October's Average sales price shows a rise while the Year to date average and Median Sales Price year to date numbers remain fairly constant as compared to Sept 2009 data.