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The following information is from the September 2008
RMLS Market Action Update for Residential Market Highlights :
| Portland Metro |
New Listings |
Pending Sales |
Closed Sales |
Avg. Sale Price |
Median Sale Price |
Avg. Mktg. Time |
Total Mktg. Time |
| 2008 -Sept |
4,200 |
1,705 |
1,640 |
$315,300 |
$267,000 |
* |
129 |
|
2008 - Year To Date |
45,850 |
16,344 |
15,389 |
$334,700 |
$280,000 |
* |
120 |
| 2007 - Sept |
4,966 |
1,930 |
1,866 |
$334,00 |
$283,500 |
60 |
|
| 2007 - Year to Date |
48,714 |
23,113 |
22,688 |
$342,600 |
$290,000 |
58 |
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*Avg. Market time will no longer be used , "Total Mktg. Time" will now take it's place. Total Mktg. Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Mktg. Time will continue to accrue; however, it does not include the time that it was off the market. This is per Portland RMLS Aug. 2008 Report.
Inventory in Months:
|
2006 |
2007 |
2008 |
| January |
3.2 |
6.2 |
12.8 |
|
February |
2.7 |
5.2 |
10.4 |
| March |
2.0 |
3.8 |
9.1 |
| April |
2.4 |
4.4 |
10.3 |
| May |
2.3 |
4.5 |
9.2 |
| June |
2.6 |
5.0 |
9.5 |
| July |
3.5 |
5.7 |
10 |
| August |
3.6 |
6.2 |
9.9 |
| September |
4.5 |
8.6 |
10.4 |
| October |
4.6 |
8.4 |
|
| November |
5.1 |
8.3 |
|
| December |
4.5 |
8.5 |
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