Portland Real Estate Statistics: Feb 2nd 2009

This Week:
The median single family home price in PORTLAND this week is $330,000. Inventory has been tightening and
days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.

Price
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

Supply and Demand
Local conditions are currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action Index stands at 15. With several months of inventory available at the current sales rate, buyers should find ample choice.

Quartiles
Investigate the market in quartiles – where each quartile is 25% of the homes:
- Most-Expensive 25% of homes
- Upper-Middle 25% of homes
- Lower-middle 25% of homes
- Least-expensive 25% of homes

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See Also: Portland Real Estate Statistics