June 2013 Portland Metro Market Action


Real Estate Advocate

The Wave is Here!

Once again a big increase in the Portland Metro numbers as sales continue to rebound. Closed sales are up 26.2% over last month and 27.6% over last year. Average sales prices are up 4.7% over last month and 12.6 over last year. Median sales prices are up 4.9% over last month and 14.9% over last year.

Market time is still well above the “hot” days of old at 85 days on average. In 2005 & 2006 we were closer to 38-50 days average days on the market.

The insight this month is the positive increase in month-to-month sales prices haven’t been seen since back in April 2006 where we hit a 5.42% increase in average sales price. Well, we saw it this year a couple times in March 2013 (5.69%) and a record in January 2013 (12.20%). That record in January has not been seen in recent recorded history!

A…

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