How Was the Portland Real Estate Market This Year?
It used to be that we’d say “I wish I had a dollar every time . . . “ Now with inflation I wish I had $10 every time someone asks me “how was the Portland real estate market this year?”
The year started out slow, with the first two months showing only about 1,000 properties closed for both January and February.
What Where The Strongest Months in the Portland Real Estate Market 2011?
June seemed to be the strongest month for monthly solds: 1958 properties closed in the Metro Portland Market which correlates to the absorption rate for that month at 6 months supply of inventory.
May and August 2011 were strong months for PENDING sales. With May have strong pendings, there’s no wonder June showed strength in closed sales. However, it didn’t hold try with August pendings to September solds.
Listing Inventory DOWN in Portland
New listings to the Portland Real Estate Market were the strongest in May and then steadily dropped off the remainder of the year. I wrote an article about this in October 2011 Portland Real Estate Inventory Down.
Additional Portland Market Reports
Portland Buyers Agent – Real Estate Expert in the Portland Metro Area
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