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Portland West / Raleigh Hills -- What's Trending Year in Review

By Carla Muss-Jacobs, RETIRED

Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

February 18, 2010 05:04 AM

Portland West / Raleigh Hills, OR -- What's Trending Year in Review

These graphs show the activity and trends of "DETACHED" property in the Portland West / Raleigh Hills (Area 148) market.

Dates: February 2009 through January 2010

Source: RMLS*

As you can see -- the Portland West/Raleigh Hills Market had its share of decline in values. There were 2,801 listings during this period. 1,119 Sold, and there are 716 Active listings. Total months of inventory: 7.7

The Min. Sold Price was $65,000 and the Max. Sold Price was $6.5M. With the AVERAGE SALES price in North Portland plugged in at @ $461,557.

RMLS used w/permission

Re-Blog

My Magic Eight Ball says:

Did you mean for this specific market, or Metro Portland in general? I'll assume you mean Metro Portland.

Last year there was the tax credit for the majority of the year. Listings were higher than solds. So the inventory was great! We need buyers, and with the tax credit not even running the full year (as it was in '09) Prices may have to come down even more in order to attract buyers, and make buying affordable.

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Nevin Williams

Fairway Independent Mortgage Corporation - Cary, NC

Senior Mortgage Advisor

Hi Carla - What do you think will happen with inventory this summer in your opinioin

Feb 17, 2010 05:15 AM

I meant to say opinion!

Feb 17, 2010 05:16 AM

Carla Muss-Jacobs, RETIRED

RETIRED / State License is Inactive - Portland, OR

Feb 17, 2010 05:45 AM

RMLS used w/permission

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My Magic Eight Ball says:

Carla Muss-Jacobs, RETIRED

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