The improvements in our economy are encouraging if slight. However, I'll take whatever good news I can and share it with others as 'perception' is an important part of our emotional/economic pie. While sales statistics are more relevant in a local context, here is a recap for Portland, Oregon's up through November:
How Is the Market in Portland?
Total Active Residential Listings 13,105
Total Market Time (Nov., 2010) 140 days-increased
Compared to last year (Nov., 2009) 131 days
Average Sales Price (Nov., 2010) $271,900-decreased
Average Sales Price (Oct., 2010) $276,800
Closed Sales Year to Date (Jan-Nov., 10) 17,385-increased
Closed Sales Year to Date (Jan-Nov., 09) 17,340
Inventory in Months (Nov., 2010) 10.2-increased
Inventory in Months (Nov., 2009) 7.1
Closed sales decreased by 1% Oct 2010 to Nov 2010.