Portland Real Estate Absorption Rates
First, let’s discuss “Absorption Rates.” The absorption rate is, bascially, the rate that homes sell in an area. The lower the absorption rate, the faster homes are selling (Seller’s market). The higher the rate, Buyer’s market.
- Sellers Market: 1 to 5 months supply of homes
- Neutral Market: 5 to 6+ months supply of homes
- Buyers Market: More than 6 or 7 months’ supply of homes
How Is Absorption Rate Calculated?
To calculate the absorption rate, take the number of homes that sold in a month for an area and divide it by the total number of homes for sale at the end of the month.
As you can see from the above graph, the Portland Real Estate Market has several Areas. To calculate the absorption rate for each area, I took the ACTIVE LISTINGS at the end of December 2011 and divided that number by the number of SOLDS, also the end of December.
A Year in Review – Portland Real Estate Absorption Rates in December 2010 Compared to December 2011
If this chart doesn’t blow you hair back . . . these are the the numbers comparing December 2010 to December 2011 absorption rates.
You can clearly see that the Portland Metro Real Estate Market is changing. When I tell Buyers to think about buying seriously now . . . I’m not making that up.
Portland Real Estate Market Areas
Area 141 – N Portland
Area 142 – NE Portland
Area 143 – SE Portland
Area 144 - Gresham / Troutdale
Area 145 - Milwaukie / Clackamas
Area 146 – Oregon City / Canby
Area 147 – Lake Oswego / West Linn
Area 148 - W Portland
Area 149 – NW Washington County
Area 150 – Beaverton / Aloha
Area 151 – Tigard / Wilsonville
Area 152 – Hillsboro / Forest Grove
More Portland Real Estate Market Reports
Portland Buyers Agent – Real Estate Expert in the Portland Metro Area
EBA Portland, LLC is an Exclusive Buyer Agency serving the Metro Portland real estate market since 1999. I only represent Home Buyers and never home sellers. If you’re looking for a home anywhere in the Portland Metro area, there is no better representation than an Exclusive Buyers Agent. I assist investors, folks relocating to Portland area, those moving to the Portland area in-state, home buyers who are looking to down-size or move-up and of course . . . love working with first-time buyers. I help Buyers in the Portland Metro market find exactly what they need in the Tri-County markets of Clackamas County, Multnomah County and Washington County, as well Portland cities including but not limited to:
- Beaverton homes for sale
- Tigard homes for sale
- Hillsboro homes for sale
- Lake Oswego homes for sale
- Portland homes for sale
When you’re ready, talk to an Exclusive Buyers Agent. Exclusive Buyers Agents do not work for listing brokerages or Sellers. An EBA’s fiduciary duty is: 100% BUYER REPRESENTATION . . . 100% of the Time. Contact me for all Portland Housing.
Carla Muss-Jacobs, Principal Broker/Owner
EBA Portland LLC
1722 NW Raleigh St., Suite 116
Portland, OR 97209
BEAVERTON OFFICE:
14845 SW Murray Scholls Blvd, #110-518
Beaverton, OR 97007
Office: 503.524.2560
Direct: 503.810.7192
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