May 2011 Market Action

14 05 2011

Whew, here we go.  Bucking the trend from the last two months with an incline.  The news from Case-Shiller and Zillow are behind the times for Portland in May 2011.  Sales price is not declining but is up 2.4% for average sale price and up 2.3% for median sales price on homes between March 2011 and April 2011.

Compared to Last Year

Inventory down 0.1 months.

Closed sales down 17%.

Pending sales down 33%

New listings down 34.2%.

Compared to Last Month

Closed sales down 0.3%

Pending sales down 0.5%

New listings up 1.4%

 

Floating to see the next month!

 

Keep Hope Alive! As Jesse Jackson says…

 

 2011 May Market Action V2

The Full Report

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