Has the change in market conditions changed what is selling in the Portland housing market? I thought we’d take a look this morning at four price ranges from this year and last year. I used January of this and last year as our time frame. I searched RMLS areas for North, Northeast, Southeast and West Portland. The “total” in the graph is the total residential sales for those areas, not the entire RMLS market.
We see that closed sales are down across the board but that the lower price ranges have done “better.”
|Closed Sales||Jan- 08||% of 2008
|Jan- 09||% of 2009
|20009 drop in