12-Month Portland Appreciation (February)

March 15th, 2006

Portland homebuyers get some tough news based on February’s results–fewer available properties and higher prices.

Portland’s metro housing inventory slipped down to 2.7% from 3.2% last month. New listings are down slightly from last year and active listings are staying on the market on average only 47 days, down from 58 this time last year.

Sale prices continue to rise–an average of 16% over the same time last year throughout the region. The average sale price in Portland is now $288,500.

Here are the 12-month appreciation rates comparing average sale prices between February 2004 and February 2005.

25.6% - Tigard / Tualatin / Sherwood / Wilsonville
20.0% - North Portland
19.6% - Oregon City / Canby
18.7% - Hillsboro / Forest Grove
17.9% - Milwaukie / Clackamas
17.2% - Columbia County
17.1% - Northeast Portland
15.9% - West Portland
15.4% - Southeast Portland
15.2% - Lake Oswego / West Linn
15.1% - Yamhill County
14.1% - NW Washington County
13.6% - Beaverton / Aloha
13.1% - Gresham / Troutdale

Source: RMLS, March 2006.

Technorati Tags: Portland, market, activity, appreciation, sale, prices

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Related posts:

1. 12-Month Appreciation, Average & Median Residential Sale Prices
2. Average and Median Sale Prices through February 2006
3. Portland Market Activity - February 2008

Entry Filed under: Market Activity