Portland Real Estate Market Activity - First Quarter 2007
Jun 7th, 2007 by Jody McLeod
Summer is upon us (and the kids are almost out of school - OH MY!). For some of you who might be considering a move the time to look is now, especially if you have kids that will be transferring schools. The Portland housing market has shifted a bit, but is fairing well compared to much of the nation. Buyers have gained more of an advantage; more inventory means more choices and, on average, houses are taking longer to sell. However, homes are still appreciating at a fair pace, with only a couple of areas showing a noticeable slide backward.
Average Days on Market
| Month | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
| This year | 41 | 39 | 38 | 39 | 41 | 47 | 51 | 55 | 65 | 66 | 65 | 58 |
| Last Year | 41 | 41 | 37 | 37 | 36 | 36 | 38 | 41 | 44 | 47 | 45 | 41 |
Year to Date Appreciation and Average Sale Price
| Area | Appreciation | Average Sale Price |
| North Portland | 12.00% | $263,000 |
| Northeast Portland | 10.40% | $307,400 |
| Southeast Portland | 12.90% | $278,900 |
| Gresham/Troutdale | 14.90% | $281,900 |
| Milwaukie/Clackamas | 12.60% | $341,300 |
| Oregon City/Canby | 9.80% | $313,800 |
| Lake Oswego/West Linn | 14.10% | $540,100 |
| West Portland | 6.70% | $445,900 |
| NW Washington County | 7.20% | $390,600 |
| Beaverton/Aloha | 9.40% | $293,700 |
| Tigard/Wilsonville | 3.90% | $374,900 |
| Hillsboro/Forest Grove | 14.00% | $298,400 |
| Mt. Hood/Gvmt. Camp/ Wemme | 11.10% | $315,800 |
Appreciation percents based on a comparison of average price for the last 12 months (5/1/06-4/30/07) with 12 months before (5/1/05-4/30/06).
All figures shown are taken from the Regional Multiple Listing Service (RMLS).
Technorati Tags: RMLS, Market Activity, First Quarter 2007, Portland Real Estate Market, Portland housing market
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Not to bad at all. I thought we were going to see a drastic downward trend. This report surprised me.