June 2008 Portland Real Estate Market Stats Wrap-Up
From RMLS’s official release yesterday:
| June 2008 | May 2008 | June 2007 | |
| Median Sale Price | $289,000 | $287,500 | $295,000 |
| Average Sale Price | $348,800 | $335,000 | $352,400 |
| Closed Sales | 1,877 | 1,863 | 2,731 |
| Pending Sales | 1,996 | 2,124 | 2,852 |
| New Listings | 5,213 | 5,182 | 6,231 |
| Active Listings | 17,788 | 17,066 | 13,752 |
| Average Market Time | 76 days | 72 days | 55 days |
| Inventory (in months) | 9.5 | 9.2 | 5.0 |
If you’re measuring from the peak median price set in August 2007, prices are down a little under 4%, but standing inventory going into the late summer/fall will be the telling tale for where prices are headed. Stay tuned…
In the meantime, here’s how Portland’s various market areas break down, year-to-date:
| Area | YTD Avg. Sale Price | YTD Median Sale Price | 12-Mo. Appreciation | DOM |
| Lake Oswego / West Linn | $553,800 | $455,000 | 4.3% | 74 |
| West Portland | $483,900 | $399,000 | 4.9% | 78 |
| NW Washington County | $399,300 | $375,000 | 2.7% | 79 |
| Tigard / Tualatin / Sherwood / Wilsonville | $363,500 | $332,500 | -0.6% | 81 |
| Milwaukie / Clackamas | $332,300 | $292,200 | -8.0% | 72 |
| Oregon City / Canby | $328,900 | $289,000 | 1.6% | 92 |
| Northeast Portland | $326,000 | $280,000 | 6.7% | 54 |
| Hillsboro / Forest Grove | $283,500 | $259,900 | -0.5% | 85 |
| Southeast Portland | $281,400 | $247,800 | 2.1% | 62 |
| Beaverton / Aloha | $279,700 | $251,600 | 1.3% | 79 |
| Yamhill County | $273,500 | $227,000 | 1.7% | 106 |
| North Portland | $271,300 | $255,000 | 5.7% | 62 |
| Gresham / Troutdale | $265,600 | $248,000 | -1.1% | 87 |
| Columbia County | $234,400 | $220,800 | 0.9% | 113 |
Source: RMLS, July 2008.
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
11 comments July 15th, 2008
