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RMLS Market Action April 2010

RMLS Market Action April 2010 InventoryApril 2010’s RMLS Market Action reports that inventory is down to 7.3 months.  All look back at over a decade of Aprils in Portland real estate inventory:

  • 1999- 6.1 months
  • 2000- 6.4 months
  • 2001.7.2 months
  • 2002-4.5 months
  • 2003- 4.1 months
  • 2004- 3.0 months
  • 2005- 1.8 months
  • 2006- 2.4 months
  • 2007- 4.4 months
  • 2008 10.3 months
  • 2009- 11.0 months
  • 2010- 7.3 months

My scan through the older reports shows that most, but not all months of May show lower inventory than the previous April.

Back to this month’s report:

Comparing April 2010 with April 2009, closed sales increased 49.1%.  Pending sales also jumped 60.8%, and new listings rose 23.8%…

The average sale price for April 2010 decreased 3.1% compared to April 2009, while the median sale price went down 4%.

There were 12,786 residential listing in the Metro area in April of 2000, a decade later there are 14,182.

RMLS Market Action April 2010 highlights

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