Pamela Magill's Executive Summary

Monday April 9, 2012

PORTLAND, OR
Single Family Homes

This Week
The median list price in PORTLAND, OR this week is $267,500. The Market Action Index has been climbing lately while days-onmarket are trending down, these point to a positive near-term outlook for the market.

Real-Time Market Profile Median List Price $ 267,500 Asking Price Per Square Foot $ 139 Average Days on Market (DOM) 173 Percent of Properties with Price Decrease 37 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 4% Median House Size (sq ft) 2107 Median Lot Size 4,501 - 6,500 sqft Median Number of Bedrooms 3.0 Median Number of Bathrooms Market Action Index Strong Buyer's 2.0 20.6

Trend == +

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.

==

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Price
Market Action Index
Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
0.25 - 0.50 acre 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

7-Day Rolling Average

90-Day Rolling Average

Characteristics per Quartile

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

Beds

Baths

Age Inventory New Absorbed DOM

$ 640,000 $ 339,000 $ 215,000 $ 129,900

3484 2364 1735 1250

4.0 3.0 3.0 3.0

3.0 2.5 2.0 1.0

28 50 52 57

533 533 533 534

54 79 55 30

41 77 55 59

203 161 157 170

Pamela Magill | TICOR TITLE | 503.219.1069

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