Portland Real Estate Market Report
The Portland Real Estate Market for the month of November 2011 seems to be doing okay compared to November 2010. But, what this graph indicates is the pattern of listings . . . which are down for the month.
Last month’s report, Portand Real Estate Market report for October compared the new listings, pending sales and closed sales and indicated a drop of new listings at down -22%
View Portland Real Estate October REPORT
What This Means for November 2010 vs. November 2011 MEDIAN Sales Prices?
Keeping with the <$8,000> difference between November 2010 vs. November 2011 the MEDIAN SALES PRICE in the Metro Portland Housing Market has also slipped:
November 2010 – Median Sales Price: $233,000
Novemer 2011 – Median Sales Price: $225,000
The Median Sales Price in the Metro Portland Housing Market: DOWN -3.4%
What the Numbers Say:
- New Listings – DOWN -18.1%
- Pending Sales – UP 18.2%
- Closed Sales – UP 18.9%
Absorption Rate
The absorportion rate of Portland real estate indicates 6.2 months of inventory
Listings DOWN -18.1% in the Metro Portland Housing Market
Again, this is based on Nov. 2010 compared to CURRENT Nov. 2011. What this tells me is that:
- Sellers are NOT listing their property
- Sellers are NOT selling and moving-up
- Buyers ARE out
- Buyers ARE closing transactions
- Buyers ARE not pushing pricing upwards
Portland Real Estate Market Time is Holding Steady
For both November 2010 and November 2011 the Average Days on the Portland Real Estate Market is: Approximately 135 days
Median: Median is a mathematical result that indicates that one half of the group is higher and one half lower.
Average: All sold prices are added together into a sum, the sum is then divided by the number of houses that sold.
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
EBA Portland ~~ 100% BUYER REPRESENTATION . . . 100% of the Time
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