(Cindy's Blog about Portland Real Estate & Stuff)
Here is the latest 12 month Market Trend Report for West Linn, Oregon. We are always one month behind so these are the statistics for December, 2010. It looks like the inventory inched down slightly from 9.6 months to 9.5 months. What this means is that it would take 9.5 months to sell all the active homes on the market.
An average inventory would be around 5-6 months, so anything above that would be considered a buyer's market, and anything below that would generally be a sellers market. Inventory in months is calculated by dividing the active listings at the end of the month in question by the number of closed sales for that month.
It looks like the median cumulative days on the market went from 110 to 79 days (average now 100 days) and the sold per listed price % went down about 25% since November. I haven't gotten the latest Portland Metro market stats, but to compare a little of how West Linn is compared to the entire Portland Metro area, the November months of inventory was 10.2 and the last November Market trend inventory for West Linn was 9.6 months.
If you have any questions or would like to recieve this report (or another one to your local area) directly to you, please feel free to contact me at cwestfall@prunw.com or 503-819-5241. As always, you can find lots of information on my website www.cindywestfall.com.
West Linn Oregon Real Estate Market Trend Report, January 2011
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