The Risk of Waiting Too Long to Buy

lindsaylittlejohn — Fri, 20 Mar 2009 21:47:01 +0000

Portland, OR – Real Estate Inventory in Months

lindsaylittlejohn — Mon, 16 Mar 2009 16:07:19 +0000


	2007	2008	2009
January	6.2	12.8	19.2
February	5.2	10.4	16.6
March	3.8	9.1
April	4.4	10.3
May	4.5	9.2
June	5.0	9.5
July	5.7	10.0
August	6.2	9.9
September	8.6	10.4
October	8.4	11.1
November	8.3	15.0
December	8.5	14.1

The Portland metro area market improved in February compared to a record low January, but remains slow compared with February 2008. Comparing February 2009 with the same month in 2008, closed sales dropped 38.1%. Pending sales also fell 30.5%. New listings decreased 19.7%.






On the other hand, when comparing February 2009 with January 2009, closed sales grew 17.1% (857 v. 732) and pending sales were up 3.3% (1,276 v. 1,235). New listings, on the other hand, dropped 17.3% (3,471 v. 4,196).





At the month’s rate of sales, the 14,188 active residential listings would last approximately 16.6 months, down from a record 19.2 months in January.




Month-to-month, the average sale price and median sale price are both up when compared with January levels; the average sale price increased a slight 0.4% (298,500 v. $297,200) and the median sale price was up 3.6% ($259,000 v. $250,000).

lindsaylittlejohn — Thu, 12 Mar 2009 18:15:46 +0000

It’s another sliding house! This one is located in Castle Rock, Washington.

lindsaylittlejohn — Mon, 09 Mar 2009 20:59:22 +0000

If you buy this house it comes with an instant family – Mother, Father and Uncle!!

lindsaylittlejohn — Wed, 18 Feb 2009 18:01:27 +0000