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Market Data, March 2009
Residential Market Highlights
Residential Market Highlights
| New Listings |
Pending Sales |
Closed Sales | Average Sale Price |
Median Sale Price |
Current Listing Market Time | Total Market Time | |
| March 2009 |
3,685 |
1,637 |
1,184 | 297,000 |
246,400 |
- |
156 |
| Year-to-Date 2009 |
11,566 | 4,018 |
2,834 |
297,100 |
250,000 |
- |
154 |
| March 2008 |
5,155 | 1,938 | 1,691 |
336,700 |
286,500 |
83 |
- |
| Year-to-Date 2008 |
14,695 | 5,282 | 4,285 |
339,400 |
282,300 |
84 |
- |
| Change March |
-28.5% |
-15.5% |
-30.0% |
-11.8% |
-14.0% |
NA |
NA |
| Change Year-to-Date |
-21.3% |
-23.9% |
-33.9% |
-12.5% |
-11.4% |
NA |
NA |
Bad news is, of course, pricing - which continues to fall. However, we are seeing a reduction of inventory - down to 12 months, the lowest since last October - and a big increase over February in closed sales (1,184 vs. 857). Both indicate a change for the better!
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.
© Copyright RMLS™ 2009. All Rights Reserved.
