RE NEWS

RMLS Market Action – June 2010

Click here to view the June 2010 RMLS market action report

June Residential Highlights

While inventory continued to stay low in the Portland Metro area, sales activity saw both increases and declines.  When comparing June 2010 with June 2009, closed sales increased 13.3%. Pending sales and new listings fell 25.2% and 4.9%, respectively.  Comparing June 2010 with the previous month, May 2010, closed sales dropped 1.9% (2,012 v. 2,050) and pending sales grew 8.4% (1,618 v. 1,493). New listings also rose 16.3% (4,049 v. 3,482).  At the month’s rate of sales, the 14,752 active residential listings would last approximately 7.3 months.

Sale Prices

The average sale price for June 2010 declined 3.3% compared to June 2009. The median sale price also fell 4%.  On a month-to-month basis, comparing June 2010 to May 2010, the average price went up 5.2% ($289,800 v. $275,500) and the median price grew a slight 0.4% ($240,000 v. $239,000).

Second Quarter Report

Comparing the second quarter of 2010 (April – June) with that of 2009, there are gains across the board. Closed sales rose 34% (6,191 v. 4,625). Pending sales and new listings also saw increases of 1% (5,842 v. 5,784) and 2.4% (12,456 v. 12,165), respectively.

Click here to view the May 2010 RMLS market action report

Click here to view  the market action report for April 2010

Click here to view market action from March 2010

Click here to view the market action for February 2010

Click here to view the market action for January 2010