10 04 2013
Portland's Market is On Fire!

Portland’s Market is On Fire!

Eyebrow raising numbers this month as the number of pending and sold sales have both gone up significantly: From last month, pending is up 23.4% and sold up 40.6%! As a result, our inventory took another dive 28.8% down to 3.2 months. The last time we had this or lower inventory was June 2006 where it was 2.6 months.

On prices, we went up 6% over the month before on the average sales price and up 3.3% for the median sales price. Usually people try to break these down year to year to show the significances in difference, not this month.


Predictions from last month I was right on…
o Low inventory will drive up the average and median sales prices again for the year. The S&P Case-Shiller report will also reflect this.
o Inventory will continue to go down as sales numbers are up. On March 7, 2013 I recorded 3.5 months of inventory.

Predictions from last month I was wrong on…ZERO!

Compared to Last Year
Inventory down to 3.2 months.
Closed sales up 14.2%.
Pending sales up 15.7%
New listings down 4%.
Average Sales Price up 18.4%
Median Sales Price 15.9%

Compared to Last Month
Closed sales up 40.6%
Pending sales up 23.4% (way up from January’s report of -0.9%!)
New listings up 22.4% (still couldn’t keep the inventory # from going down)
Average Sales Price Up 6%
Median Sales Price Up 3.3%

Great news for Portkand Real Estate

Great news for Portkand Real Estate

Get the mitts!  This tater’s a Hot One!


April 2013 RMLS Market Action

View The Full Report


Dustin Miller

Broker & Market Analyst

Portland, Oregon




3 responses

14 04 2013
Fred Stewart

Reblogged this on Oregon Real Estate Round Table.

15 05 2014

Howdy! This is my first comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading through
your blog posts. Can you recommend any other blogs/websites/forums that
go over the same topics? Thanks!

18 05 2014

I do not have any specifics which I read other than the actual reports themselves and the blogs associated with them.


Dustin Miller

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