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RMLS Market Action November

Market_Action_Dec_2008

Slow sales have sent inventory skyrocketing to 15 months.  The average sales price is down 10.5% since last November. The median price is down 7%. North Portland is the only area reporting “Total Time on Market” under 100 days (98). Pending sales have dropped between 14.8% and 38.5% since the same time last year.

The rolling average sale price for the last 12 months are:
North Portland +1.01%,
Northeast Portland +.5%,
Southeast Portland -3.1%,
West Portland +4.2%,
Gresham/Troutdale -6.4%,
Hilsboro/Forest Grove -5.9%
Lake Oswego +.04%.
Milwaukie/Clackamas -4.6%
Oregon City/Canby -5.6%
Beaverton/Aloha -4.8%
Tigard/Wilsonville -4.8%

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