Portland Real Estate Market Report

The Portland Real Estate Market for the month of November 2011 seems to be doing okay compared to November 2010.

The graph indicates the pattern of listings . . . which are down for the month. Last month's report, Portand Real Estate Market report for October compared the new listings, pending sales and closed sales and indicated a drop of new listings at down -22%

View Portland Real Estate October REPORT

What This Means for November 2010 vs. November 2011 MEDIAN Sales Prices?

Keeping with the <$8,000> difference between November 2010 vs. November 2011 the MEDIAN SALES PRICE in the Metro Portland Housing Market has also slipped:

November 2010 - Median Sales Price: $233,000

Novemer 2011 - Median Sales Price: $225,000

The Median Sales Price in the Metro Portland Housing Market: DOWN -3.4%

What the Numbers Say:

  • New Listings - DOWN -18.1%
  • Pending Sales - UP 18.2%
  • Closed Sales - UP 18.9%

Absorption Rate

The absorportion rate of Portland real estate indicates 6.2 months of inventory

Listings DOWN -18.1% in the Metro Portland Housing Market

Again, this is based on Nov. 2010 compared to CURRENT Nov. 2011. What this tells me is that:

  • Sellers are NOT listing their property
  • Sellers are NOT selling and moving-up
  • Buyers ARE out
  • Buyers ARE closing transactions
  • Buyers ARE not pushing pricing upwards

Portland Real Estate Market Time is Holding Steady

For both November 2010 and November 2011 the Average Days on the Portland Real Estate Market is: Approximately 135 days

Median: Median is a mathematical result that indicates that one half of the group is higher and one half lower. Average: All sold prices are added together into a sum, the sum is then divided by the number of houses that sold.

search Portland PropertiesEBA Portland ~~ 100% BUYER REPRESENTATION ~~ 100% of the Time

EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. If you’re a Buyer in the Metro Portland area (including: Beaverton, Tigard, Hillsboro, Lake Oswego, Downtown Portland,) and contemplating a purchase, talk with a Buyer’s Agent . . . better yet, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time.

 Carla Muss-Jacobs
503-810-7192
Carla@carlahomes.com 		         

BuyersAgentPortland.com

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This post has been included in Oregon Real Estate News Multnomah County, OR Real Estate News
Post is included in group: HyperLocal Neighborhood and Community Posts
Post is included in group: Market Reports
Post is included in group: Portland Metro Real Estate
Post is included in group: Posts to Localism
Post is included in group: Realtors®

3 Comments on Market Report November 2011 | Portland Real Estate

DEC
19
2011
1,099,708 Points 51 Featured Posts Outside Blog Called Shot Master

Thanks for the market glimpse of your area, in your corner of the world. Always think I am going to see Portland Maine stats...always.
2:14pm • #1
201,976 Points 2 Featured Posts Called Shot Master

Sounds good for your market.  I want to see them all creeping up!
4:51pm • #2
648,311 Points 63 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Hi Carla - I LOVE your graphics.  I'm not as adventuresome with my charts!
10:45pm • #3


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Carla Muss-Jacobs - Principal Broker/ Owner | Exclusive Buyers Agent |

Portland, OR

More about me…

503-810-7192 | BuyersAgentPortland.com

Address: Beaverton OR, Portland OR, Forest Heights, Lake Oswego, Hillsboro, SW Portland, SE Portland, NW Portland, N Portland, Downtown, The Pearl, NE Portland, Milwaukie, West Linn, Aloha, Cedar Hills, Portland, OR

Office Phone: (503) 810-7192

Cell Phone: (503) 810-7192

Email Me

Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of EBA Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

The Sellers have their own agent ~~ Why don't you have yours?  

Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!  



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