Tuesday, September 13, 2016

Portland Real Estate Market Report - September 2016



August 2016 is a Seller's market*
 
Home For Sale in August 2016: 1785 units.

Up 2.7% compared to the last month
Up 11.4% compared to the last year

Home Closed in August 2016: 976 units.

Down 1.3% compared to the last month
Down 16.2% compared to the last year

Home Placed under Contract in August 2016: 1177 units.

Up 11.2% compared to the last month
Up 9.8% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales


August 2016 Average Sold Price per Square Footage is Neutral*



Average Sold Price per Square Footage in August 2016:  $234 



•Down 2.9% compared to the last month•Up 10.4% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral



August 2016 Average Sold Price per Square Footage is Neutral*


August 2016 Sold/Original List Price Ratio is Falling*




Average Days on Market in August 2016: 24 

Up 26.3% compared to the last month
Down 11.1% compared to the last year


Sold/Original List Price % in August 2016: 100% 

Down 1% compared to the last month
0% compared to the last year

*Based on 6 month trend - Rising/Falling/Remains Steady


August 2016 Average For Sale Price is Depreciating*

August 2016 Average Sold Price is Neutral*



Average For Sale Price (in thousand) in August 2016: $573 


•Down 1.7% compared to the last month•Up 6.9% compared to the last year

Average Sold Price (in thousand) in August 2016: $444 


•Down 1.3% compared to the last month•Up 11.3% compared to the last year

*Based on 6 month trend - Appreciating/Depreciating/Neutral


August 2016 is a Seller's market*


Months of Inventory based on Closed Sales in August 2016: 1.8 

0% compared to the last month
Up 29.1% compared to the last year

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales


Search all Portland Metro Area listings here!







No comments:

Post a Comment