September 2005 Market Activity

Portland’s robust real estate market continues to blaze along.

The average home price in PDX over that last 12 months was $273,200–a 14.1% increase over the average for the twelve months prior.

The good news for buyers was that September 2005 showed the largest monthly increase in new listing for the year, up 21% over September 2004. However, home sales are nearly keeping pace with this new inventory, leaving less than 2 months’ supply available to eager homeseekers.

In other words, prices are still going up and the stuff is still flying off the shelf.

Source: RMLS, September 2005

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Add comment October 14th, 2005