This Week:
The median single family home price in PORTLAND this week is $324,999. 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.
Portland Real Time Market Profile
Price
The market has been on a downward trend recently and this week, while essentially flat, doesn’t
break us out of that cycle.
Portland Median Price 12-21-2008
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. The Market Action Index answers the question “How’s the market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s market conditions. Below 30, conditions favor the buyer.
Portland Real Estate Market Action Index
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
Portland Real Estate Characteristics by Quartile
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See Also: Portland Real Estate Statistics