For the 12 months rolling average ending in May 2009 vs. the previous 12 months, the average price in the Portland Metropolitan area is down 8.1% according to RMLS, an improvement from the previous month. The average price declined from $343,200 to $315,500 and the median price fell from $287,800 to $267,000 for a decrease of 7.2% for the same 12 month period. At the end of May there were 14,493 active listings listed in the MLS representing a 10.2 month supply of homes, a considerable improvement from the 19.9 months in January.
My team and I have been very busy of late, I think a reflection on our experience along with the drop in the number of Realtors. Again, if you are looking to buy or sell a house remember... Now more than ever, experience matters. We'd love to help you as we have helped many hundreds of others buy and sell homes over the last 21 years.
AverageSales Price from 1999 to present for the Portland Metro area
