Portland Real Estate Update by Janeese Jackson » portland oregon home sales http://fabulousportland.com all about Portland Oregon including real estate, investment properties and general "of interest" Wed, 08 Feb 2012 19:08:48 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Portland Metro Monthly Real Estate Stats…Come and Get ‘Em! http://fabulousportland.com/2009/12/15/portland-metro-monthly-real-estate-statscome-and-get-em/ http://fabulousportland.com/2009/12/15/portland-metro-monthly-real-estate-statscome-and-get-em/#comments Wed, 16 Dec 2009 05:40:34 +0000 Janeese Jackson http://fabulousportland.com/?p=292 The very best to you and yours this holiday season. I hope you are enjoying the magic that also comes at this time of year. We officially start the beginning of winter next week, but that means the days will start lengthening again. I think the Portland real estate market is also reaching the end of a long dark period, and I look forward to a new and brighter year for 2010. The tax incentive for home buyers has been expanded to include certain current or repeat homeowners, so if I can be of service, please contact me at 503-709-0802 or jj@janeesejackson.com.

FAQ’s on Repeat Tax Credit:  http://bit.ly/RepeatBuyerTaxCredit

FAQ’s on 1st Time Buyer Credit:  http://bit.ly/Original1stTimeBuyerCredit

Sales activity in the Portland area increased in November compared to the same month in 2008.  Closed sales were up an amazing 72.4% and pending sales rose 7%. New listings dropped 7%. Year to date pending sales were up 2.6% although closed sales were behind last year’s total by 4.1% (my guess is the number of short-sales that fail to close). Y-T-D listings decreased 19.9%.

The monthly inventory rose just slightly to 7.1 months from the previous month (which is typical for the holiday season), which means it would take approximately 7.1 months to sell the 12,697 active listings. The average price for is down 12.9% and the median sale price declined 11.1% compared to the previous 12 months in the Portland area Metro market.

 As always, information is very neighborhood specific, so contact me for info about your area!

Track your ‘hood or find your new home or investment on this site by signing up for daily listings!  You are enjoying www.fabulousportland.com

Season’s Greetings!!

 

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