Portland Oregon, January 2008 Market Statistics

Posted Mar 7, 2008 @ 11:00 am, Viewed by 307 Visitors, Read 332 Times.

Well the numbers are in for January, and it looks like it's definitely a Buyer's market. The January 2007 inventory was at 12.8 months, which is the highest recorded level. The last time inventory looked like this was in January 2000 when the market reached 10.1 months of inventory. Prices on the other hand are still holding steady, and the market is showing solid year-over-year gains.

Average Sale Prices

County Average Sale Price
Change 2006-2007
Clackamas $400,800 +3%
Columbia $254,400 +11%
Multnomah $336,300 +9%
Washington $333,900 +6%
Yamhill $284,400 +6%

 

Milan Cole is a Realtor in Portland, Oregon who helps people buy and sell Portland Real Estate. Our website has advanced tools to search the Portland MLS. Please contact me if you have any questions.

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3 Responses to “Portland Oregon, January 2008 Market Statistics”

photo Marie Hansen

Hello Milan, Our company is expanding into Portland, and because you are obviously in tune with the internet and blogging, I wanted to ask someone who knows what is going on there.I am curious about the Portland market. Can you tell me how many real estate licensees there are in the greater Portland market, or how I can find out? Thanks, Marie Hansen www.connectrealty.com/mariehansen  

Posted 2 months ago

I don't know the numbers off hand, but there a couple of places you could go to inquire. My first bet would be to call the Portland Metro Association of Realtors, http://www.pmar.org , and see if they will tell you how many members they have. I have heard anecdotally that the membership is down a bit this year, but that's after hitting an all time high just a few months ago.

Posted 2 months ago
photo Marie Hansen

Thanks, I did just get a number for Portland Metro at 7300. I appreciate your help.

Posted 2 months ago
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