Dec
16
2009
Portland Real Estate Condo Market
By Charles Turner
RMLS Market Action was released yesterday. The last page of the Portland Metro report focuses on condos. The median sales price is down considerably but has seen an uptick the last couple of months. Closed sales appear to be fairly consistent but the number of listed condos has declined more than 20% since November of 2008. [both graphs from RMLS]
If you want to take a closer look at the reports for other regions, follow these links:
- - All Areas (52 pages)
- - Baker County
- - Columbia Basin
- - Coos County
- - Curry County
- - Douglas County
- - Lane County
- - Mid-Columbia
- - Portland Metro
- - SW Washington
- - Union County
- - Wallowa County
It looks like you have the first uptick in median price. However it seems like there is still a lot of inventory. I assume the price declines have not been that bad to cause the inventory to be bought up. Lets hope that rates stay down and next year and be a turn around.