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Market Data, May 2008
Residential Market Highlights
Residential Market Highlights
| New Listings |
Pending Sales |
Closed Sales | Average Sale Price |
Median Sale Price |
Average Market Time | |
| May 2008 |
5,182 |
2,124 |
1,863 | 335,000 |
287,500 |
72 |
| Year-to-Date 2008 |
25,650 | 9,253 |
7,862 |
335,700 |
280,000 |
79 |
| May 2007 |
5,892 | 3,054 |
2,802 |
348,800 | 297,000 | 53 |
| Year-to-Date 2007 |
25,113 | 13,968 | 12,142 |
337,900 | 285,900 |
60 |
Not shown above is the comparison to April - closed sales were up 17.8%, from 1,582 to 1,863, and pending sales grew 2.6%, from 2,070 to 2,124. Additionally, new listings dropped from 5,295 to 5,182 (2.1%). That means the inventory of homes for sale dropped out of double-digits, to 9.2 months. In the Metro area, NE Portland has the lowest Days on Market time, at 48 days.
As always, if you want more info, drop me a line!
As always, if you want more info, drop me a line!
The statistics presented in the Market Action are compiled monthly based on figures generated by RMLS(tm), and reflect reported activity for the greater Portland Metro area.
