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April 2010 RMLS/Portland Real Estate Updates
(May 17, 2010 • Portland Real Estate, Portland Real Estate Market • 0 comments)
The latest RMLS Statistics were just posted today and sales activity has improved from 1 year ago. There is just 7.3 months of inventory on the market now and so this is a great time for both buyers and sellers.
Here is the April 2010 RMLS market report for your review:
Sales activity in the Portland metro area improved in April 2010 compared to the same month a year ago.Comparing April 2010 with April 2009, closed sales increased 49.1%.
Pending sales also jumped 60.8%, and new listings rose 23.8%.
When comparing April 2010 with the month prior, March 2010, closed sales grew 7.9% (1,941 v. 1,799) and pending sales were up 24.5% (2,991 v. 2,402). New listings, on the other hand, dropped 5.5% (4,713 v. 4,987).
At the month’s rate of sales, the 14,182 active residential listings would last approximately 7.3 months, the lowest of the year so far.
Prices
The average sale price for April 2010 decreased 3.1% compared to April 2009, while the median sale price went down 4%.
Month-to-month, there were minimal changes in prices. The average sale price rose just 0.6% ($282,100 v. $280,300) and the median sale price went up 0.5% ($240,000 v. $238,900), when comparing April 2010 to March 2010.
Year-to-Date
Comparing January-April 2010 with the same period in 2009, closed sales increased 41.4%. Pending sales jumped 46.3%, and new listings also rose 15.4%.
For more information on purchasing Real Estate in Portland, OR please contact LaDonna Miller- Broker- Oregon First Real Estate
(503) 310-9076 or ladonnamiller@earthlink.net
