RMLS Market Action for October was just released. Nothing really surprising in the broad numbers. Inventory is up to almost 12 months. Accepted, closed and pending sales are down from this time a year ago. Average and Median prices are also down for the Portland Metro Area. The following breakdown “is based on a comparison of the rolling average sale price for the last 12 months (11/1/07-10/31/08) with 12 months before (11/1/06-10/31/07)”
|Lake Oswego/West Linn||3.6%|
|NW Washington County||-0.7%|
Three of the four areas that make up Portland report positive numbers. Only one suburb area, Lake Oswego/West Linn, can make the same claim.