Portland Real Estate Statistics: Week of February 15th 2009

This Week:
The median single family home price in PORTLAND this week is $315,000. Inventory is tightening and days-
on-market is falling. The Market Action Index shows demand heating up. These are relatively
bullish signs for prices.

Price
This week prices bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a change in the market.

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 19. 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