Showing posts with label portland. Show all posts
Showing posts with label portland. Show all posts

Sunday, July 10, 2016

Portland Oregon Real Estate Market Report - July, 2016

All homes for sale, pending, and closed for the last 15 months 



June 2016 is a Seller's market*

Home For Sale in June 2016: 1455 units.
•Up 21.4% compared to the last month
•Down 2% compared to the last year

Home Closed in June 2016: 1017 units.
•Down 3.6% compared to the last month
•Down 17.9% compared to the last year

Home Placed under Contract in June 2016: 1150 units.
•Down 0.9% compared to the last month
•Down 7.2% 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



Average Price Per Square Foot for the past 15 months



June 2016 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in June 2016: $237 

•Down 0.8% compared to the last month
•Up 11.3% compared to the last year

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




Average Days On Market and Sale Price/List Price %



June 2016 Average Days on Market trend is Falling*

Average Days on Market in June 2016: 20 

•0% compared to the last month
•Down 20% compared to the last year

June 2016 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in June 2016: 101% 

•Down 1.9% compared to the last month
•Down 1% compared to the last year

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



Average Price for sale and actually sold





June 2016 Average For Sale Price is Neutral*

Average For Sale Price (in thousand) in June 2016: $600 

•Down 0.5% compared to the last month
•Up 11.5% compared to the last year

June 2016 Average Sold Price is Appreciating*

Average Sold Price (in thousand) in June 2016: $455 

•Up 0.2% compared to the last month
•Up 12.3% compared to the last year

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



Months of Inventory 





June 2016 is a Seller's market*

Months of Inventory based on Closed Sales in June 2016: 1.4 

•Up 26.4% compared to the last month
•Up 16.7% 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



Tuesday, January 26, 2016

The Best Deals in Portland This Week: January 25th - February 1st


In the news this week...From the Portland Business Journal & our owner of Living Room Realty, Jenelle Isaacson, " The east side has pent-up demand for condos, and I expect to see that continue until banks will lend on condo development again. Until then, we expect to see our tenant placement services continue to grow, as people who would buy condos — if they were available — choose modern apartment developments and become renters and need help relocating in our tight rental market."







CLICK ON THE IMAGES TO SEE FULL LISTING INFORMATION