Your Local Source For Real Estate Activity in Your Community 

Metro Portland, Oregon
December 2009 

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December Residential Highlights 

Sales activity in the Portland metro area showed marked improvement this December compared to the same month a year ago. 

Closed sales were up 52.6% compared to December 2008 and pending sales rose 40.9%. New listings
also rose 11.9%. 

On the other hand, compared to November 2009, closed sales fell 16.1% (1,506 v. 1,795). Pending
sales dropped 14.1% (1,141 v.1,328). New listings fell 15.8%(2,104 v. 2,499). 

At the month’s rate of sales, it would take approximately 7.7 months to sell the 11,597 active residential listings. 

2009 Summary
Comparing activity from 2009 with that of 2008, pending sales increased 4%. Closed sales were 0.9% short
of the 2008 total. New listings fell 18.8%. Total sales volume for 2009 was $5.5 billion, down from $6.3 billion
in 2008, and $9.7 billion in 2007. 

Sale Prices
The average sale price for December 2009 was down 2.5% compared to December 2008, while
the median sale price declined 4.2%. 

Compared to November 2009, the average price rose 7.3% ($293,300 v. $273,300) and the
median grew 1.3% ($242,200 v.$239,000). 

For the year, the average sale price dropped 12.2% compared to 2008. The median price fell 11.2%. 

Year-to-Date Report 

Area	Average Sale Price	Average Market Time	Appreciation
North Portland	$236,000	101 days	-11.3%
Northeast Portland	$294,500	118 days	-10.2%
SE Portland	$237,200	104 days	-12.7%
Gresham/Troutdale	$229,000	112 days	-14.1%
Milwaukie/Clackamas	$304,500	147 days	-9.5%
Oregon City/Canby	$254,300	140 days	-10.7%
Lake Oswego/West Linn	$538,600	235 days	-9.8%
West Portland	$402,300	175 days	-12.0%
NW Washington Co.	$358,700	158 days	-8.7%
Beaverton/Aloha	$241,600	122 days	-11.9%
Tigard/Wilsonville	$310,100	178 days	-10.3%
Hillsboro/Forest Grove	$232,600	140 days	-12.3%