Portland Real Estate Statistics: Week of March 30th 2009

This Week:
The median single family home price in PORTLAND this week is $309,900. 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
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 17. 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