A Publication of RMLS™, The Source for Real Estate Statistics in Your Community

Residential Review: Metro Portland, Oregon March 2010 Reporting Period

March Residential Highlights Sale Prices
Inventory in Months*
Sales activity in the Portland T he average sa le pr ice for 2008 2009 2010
metropolitan area continues to March 2010 fell 5.6% compared January 12.8 19.2 12.6
improve in March 2010 compared to March 2009. The median sale February 10.4 16.6 12.9
to the same month a year ago. price dropped 3%. See residential March 9.1 12 7.8
highlights table below. April 10.3 11
When comparing March 2010
May 9.2 10.2
with March 2009, closed sales rose On a month-to-month basis, June 9.5 8.2
51.9%. Pending sales jumped 46.7% comparing March 2010 to February July 10 7.3
and new listings increased 35.3%. 2010, the average price increased August 9.9 7.8
Comparing March 2010 with the 2.6% ($280,300 v. $273,100) and the September 10.4 7.6
median price grew a slight 1.6% October 11.1 6.5
previous month, February 2010,
($238,900 v. $235,000). November 15 7.1
closed sales drastically increased December 14.1 7.7
77.2% (1,799 v. 1,015) and pending First Quarter Report
*Inventory in Months is calculated by dividing
sales grew 29.8% (2,402 v. 1,850). Comparing the first quarter of the Active Listings at the end of the month in
New listings increased 27.8% (4,987 2010 with that of 2009, increases question by the number of closed sales for
v. 3,902). can be seen across the board. Closed that month.

At the month’s rate of sales, the
14,042 active residential listings
would last approximately 7.8
months, the lowest of the year.
sales grew 37.3% (3,892 v. 2,834). Percent Change of 12-Month Sale Price
Pending sales also went up 39.2% Compared With The Previous 12 Months
(5,594 v. 4,018) and new listings rose
Average Sale Price % Change:
13% (13,072 v. 11,566).
-10.9% ($286,700 v. $321,900)
Median Sale Price % Change:
-9.6% ($245,000 v. $271,000)
For further explanation of this measure, see
the second footnote on page 2.

Portland Metro
Total
Residential
New Pending Closed Average Median Market
Highlights Listings Sales Sales Sale Price Sale Price Time

March 4,987 2,402 1,799 280,300 238,900 142

2010

Year-to-date 13,072 5,576 3,892 278,300 237,500 144

March 3,685 1,637 1,184 297,000 246,400 156
2009

Year-to-date 11,566 4,018 2,834 297,100 250,000 154

Change

March 35.3% 46.7% 51.9% -5.6% -3.0% -8.9%

Year-to-date 13.0% 38.8% 37.3% -6.3% -5.0% -6.3%
*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.

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