For the 12 months rolling average ending in February 2010 vs. the previous 12 months, the average price in the Portland Metropolitan area is down 11.5% according to RMLS. Click to see a graph. The average price declined from $325,200 to $287,800, and the median price fell from $275,000 to $245,000 for a decrease of 10.9% for the same 12 month period. At the end of February there were 13,101 active listings listed in the MLS representing a 12.9 month supply of homes, a considerable improvement from the 19.2 months in January 2009. Interestingly, the market right now seems to be driven by the first time homebuyers trying to get in under the April 30th deadline for the $8,000 tax credit. I am very proud to say that again in 2009 my team is Prudential's top selling team in the Portland area, and for the third year in a row ! We are working very hard at getting our sellers the best prices we can and helping buyers get into the market while prices are down and interest rates are at historic lows. As our motto says....... "Now more than ever, experience counts". .
Sales vs. Listing Activity in the Portland Area January 2005 to Present
