Market Report for Portland for Oct. and Year to Date

Market Report for Portland for Oct. 2007 and Year to Date

Residential

The market in Portland does not appear to be doing as well as some of the other markets.  There are 61 listings on the market, which is not a huge increase in inventory.  There were 16 new listings that came on the market in October, 7 homes went under deposit and there were 7 closed transactions.  Overall comparing 2007 year to date with 2006 year to date prices are down 8%, closings are up 6.7% and average/sq.ft. prices are down 5.7%.

                                                       

                                        Closed                 Avg.Sale Price      Avg.Price/Sq.Ft   Avg.Days on Mkt

Oct. 2007	7	$237,950	$143	81
Oct. 2006	3	$271,333	$153	10
1/1/2007 - 10/31/2007	74	$290,072	$150	64
1/1/2006 - 10/31/2006	79	$267,754	$159	69