|
June Residential Highlights
While inventory continued to stay low in the Portland Metro area, sales activity saw both increases and declines.
When comparing June 2010 with June 2009, closed sales increased 13.3%. Pending sales and new listings fell 25.2% and 4.9% respectively.
Comparing June 2010 with the previous month, May 2010, closed sales dropped 1.9% (2,012 v. 2,050) and pending sales grew 8.4% (1,618 v. 1,493). New listings also rose 16.3% (4,049 v. 3,482).
Ath the month's rate of sales, the 14,752 active residential listings would last approximately 7.3 months.
Sales Prices
The average sale price for June 2010 declined 3.3% compared to June 2009. The median sale price also fell 4%.
On a month-to-month basis, comparing June 2010 to May 2010, the average price went up 5.2% ($289,800 v. $275,500) and the median price grew a slight 0.4% ($240,000 v. $239,000).
Second Quarter Report
Comparing the second quarter of 2010 (April - June) with that of 2009, there are gains across the board. Closed sales rose 34% (6,191 v. 4,625). Pending sales and new listings also saw increases of 1% (5,842 v. 5,784) and 2.4% (12,456 v. 12,165), respectively.
Portland Metro Residential Highlights
|
|
|
|
|
|
|
|
|
|
New Listings |
Pending Sales |
Closed Sales |
Average Sale Price |
Median Sale $ |
Total Mkt Time* |
| 2010 |
June |
4,049 |
1,618 |
2,012 |
289,800 |
240,000 |
121 |
| 2010 |
YTD |
25,835 |
11,231 |
10,183 |
280,700 |
239,900 |
132 |
| 2009 |
June |
4,257 |
2,164 |
1,776 |
299,800 |
249,900 |
147 |
| 2009 |
YTD |
24,069 |
9,642 |
7,499 |
295,100 |
250,000 |
149 |
| Change |
June |
-4.9% |
-25.2% |
13.3% |
-3.3% |
-4.0% |
-17.7% |
| Change |
YTD |
7.3% |
16.5% |
35.8% |
-4.9% |
-4.0% |
-12.0% |
* Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For more information, see the complete report at www.PortlandHomeSales.com.
Thanks for visiting my online real estate source. Please bookmark this site for future reference, and ENJOY! |
