SE Portland, OR Condo Market -- What's Trending Year in Review

SE Portland, OR Condos -- What's Trending Year in Review

These graphs show the activity and trends of condo units in the SE Portland (Area 143) market.

Dates:  February 2009 through January 2010

Source: RMLS*

As you can see -- the SE Portland Condo Market was the WILD RIDE!  Listing up, listings down . . . and Dec. '09 was brutal in pricing with nearly 25% reduction in Average SOLD Price !  The AVERAGE SALES price of a condo @ $200,000.  The high-end condo unit in the SE Portland market selling @ $900,000, on average.

NOTE:  FHA has changed their rules on condos, effective February 1, 2010.  It is STRONGLY suggested you check with your lender to see if the condo compex you have interest in will allow FHA financing. NOT ALL CONDOS are FHA 'approved.' 

*EBA Portland, LLC was granted permission by RMLS^TM