12 12 2013

simmering soupThe Portland Real Estate market is simmering in the winter like the perfect comfort soup on the stove.


Inventory has kept the prices from dropping in a season and time when they normally do; in fact, prices have not increased in November since 2007.  Many times this figure can be significant due to the Holiday season.  The new listings dropped 22.1% from last month which is a huge month-to-month drop.  Pending sales are also up compared to last month which may increase the closed sales number next month.soup 2

All in all, if you don’t have a home on the market yet, now would be a good time believe it or not.  Dress it in your holiday best and put it out there for the buyers to see.  If you do have a home on the market, the chances are very likely that it will sell.  Hang in there and continue to simmer, you are almost done!

Compared to Last Year

Inventory down to 3.7 months.

Closed sales up 5.1%.

Pending sales up 5.6%

New listings up 18%.

Average Sales Price up 13.9%

Median Sales Price up 12%


Compared to Last Month

Closed sales down 16.8%

Pending sales down  14%

New listings down 22.1%

Average Sales Price up 1.3%

Median Sales Price up 0%

served up soupView The Full Report Here Portland Market Action December 2013


Dustin Miller

Broker/Market Analyst




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