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Your Local Source For Real Estate Activity in Your Community Metro Portland, Oregon January 2010 _____________________________________________________________________ January Residential Highlights While not quite as dramatic as last month, sales activity in the Portland metro area continued to show improvement in January 2010 compared to the same month a year ago. Closed sales were up 34.7% compared to January 2009 and pending sales rose 24.3%. However, new listings fell 6.2%. Pending sales were also up 34.5% (1,535 v. 1,141)when compared to December 2009. On the other hand, closed sales fell 34.5% (986 v. 1,506)and new listings grew 87.1% (3,937 v. 2,104) driving inventory to double digits for the first time since May of 2009. At the month’s rate of sales, it would take approximately 12.6 months to sell the 12,449 active residential listings. Sale Prices The average sale pr ice for January 2010 was down 5% compared to January 2009, while the median sale price declined 4%. Compared to December 2009,the average price decreased 3.7%($282,400 v. $293,300) and the median fell 0.9% ($240,000 v.$242,200).
| 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% |
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