Portland Market Report
| Market Action Summary Portland Metro | Latest Month April | Previous Month March 2013 | % Change | Previous Year April 2012 | % Change |
| Inventory (Months) | 3.1 | 3.2 | -3.13% | 7.2 | -56.94% |
| Market Time (Days) | 91 | 112 | -18.75% | 123 | -26.02% |
| Average Sale Price | $302,600 | $299,000 | 1.20% | $262,400 | 15.32% |
| Median Sale Price | $257,000 | $250,000 | 2.80% | $225,000 | 14.22% |
| New Listings | 3,623 | 3,002 | 20.69% | 3,038 | 19.26% |
| Closed Sales | 2,125 | 1,935 | 9.82% | 1,822 | 16.63% |
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My New Web Page
Although the PortlandRealEstate.com office is at Realty Trust in Lake Oswego, my other office is on Hawthorne and I live, work and play in the Sellwood-Moreland neighborhood in inner-southeast Portland where I've lived for many years. I just posted my new Sellwood-Moreland webpage selling myself as the local expert. See what you think. As always, comments are most appreciated. http://www.portlandrealestate.com/sellwood
Metro Market Report
December's numbers are in. Metro Portland's real estate market.
| Market Action Summary Portland Metro | Current Month December 2012 | Last Month November 2012 | % Change | Previous Year Dec. 2011 | % Change |
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| Inventory (Months) | 3.6 | 4.2 | -14.29% | 5.3 | -32.08% |
| Market Time (Days) | 111 | 101 | 9.90% | 142 | -21.83% |
| Average Sale Price | $290,200 | $279,400 | 3.87% | $260,800 | 11.27% |
| Median Sale Price | $247,900 | $241,000 | 2.86% | $216,600 | 14.45% |
| New Listings | 1,286 | 1,675 | -23.22% | 1,700 | -24.35% |
| Closed Sales | 1,760 | 1,733 | 1.56% | 1,612 | 9.18% |
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| (Source: RMLS Market Action Report) |
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Cameron
Market Report
| Market Action Summary Portland Metro | Current Month November 2012 | Last Month October 2012 | % Change | Last Year Nov. 2011 | % Change |
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| Inventory (Months) | 4.2 | 3.8 | 10.53% | 6.2 | -32.26% |
| Market Time (Days) | 101 | 102 | -0.98% | 135 | -25.19% |
| Average Sale Price | $279,400 | $284,600 | -1.83% | $259,400 | 7.71% |
| Median Sale Price | $241,000 | $243,300 | -0.95% | $225,000 | 7.11% |
| New Listings | 1,675 | 2,414 | -30.61% | 2,026 | -17.32% |
| Closed Sales | 1,733 | 2,103 | -17.59% | 1,521 | 13.94% |
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| (Source: RMLS Market Action Report) |
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Good tidings! We see a continuing improvement in the local real estate market as home values climb, more sales closing and, with fewer listings, sellers gaining influence as we move away from a "buyers" market.
Best Wishes,
Cameron McCredie
Licensed Residential Broker
600 "A" Avenue - Lake Oswego. Oregon 97034
Direct 503-488-1018
Fax 503-675-3303
Buyer's Video
This three minute covers three essential characteristics
October Market Report
Here's our newest Real Estate Activity Report (September's numbers)-
| Market Action Summary Portland Metro | Current Month September 2012 | Last Month August 2012 | % Change | Last Year Sept 2011 | % Change |
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| Inventory (Months) | 4.6 | 3.9 | 17.95% | 6.7 | -31.34% |
| Market Time (Days) | 102 | 97 | 5.15% | 131 | -22.14% |
| Average Sale Price | $281,400 | $281,700 | -0.11% | $268,200 | 4.92% |
| Median Sale Price | $238,300 | $241,000 | -1.12% | $230,800 | 3.25% |
| New Listings | 2,451 | 3,099 | -20.91% | 2,501 | -2.00% |
| Closed Sales | 1,894 | 2,311 | -18.04% | 1,586 | 19.42% |
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| (Source: RMLS Market Action Report) |
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Compared to September 2011 we see local improvements all across the board. In national news, there’s been an unexpected jump in new housing construction. According to The Washington Post, “New housing starts rose 15 percent last month... analysts were predicting a mere 1.1 percent rise in permits. There’s also been a significant improvement since last year, with permits now up 45.1 percent over their level in September 2011.”
Best Regards,
Cameron
