Portland Real Estate Statistics: Week of March 16th 2009

This Week:
The median single family home price in PORTLAND this week is $309,900. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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 16. 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