Sales Update for Portland OR

By
Real Estate Agent with Carol West Real Estate, LLC 200407124

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.

 

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Rainmaker
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Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Hi Carol - My realtors in Portland have been enduring a slow real estate market. I don't notice it as much because I am licensed to do loans in several states. Nice job in sharing the good news and all the best to you for a great year!

Jan 05, 2011 02:08 PM #1
Rainmaker
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Carol West
Carol West Real Estate, LLC - Hillsboro, OR
Real Estate Agent, Hillsboro, Beaverton, Portland

Hi Nevin-So glad your diversification has created a strong base for your business. It's been a slow November & December this year as opposed to last. Wishing you a fabulous year! Carol

Jan 06, 2011 07:07 AM #2
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Rainmaker
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Carol West

Real Estate Agent, Hillsboro, Beaverton, Portland
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