Portland Real Estate | Market Report For December 2011

By
Real Estate Broker Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon

Portland Real Estate | Market Report Dec 2011

This is a Portland Real Estate Market overview for the month of December 2011.

The market seems to be doing fine. But what this graph indicates is the pattern of listings . . . which are down for the month.  Matter of fact, listings have been off about 25% from last year starting in June 2011 and continuing to drop the remainder of the year.

Last month's report, Portand Real Estate Market report for November compared the new listings, pending sales and closed sales and indicated a drop of new listings for the month of November being down -18.1%

View Portland Real Estate November REPORT

What This Means for December 2010 vs. December 2011 MEDIAN Sales Prices?

Keeping with the <$18,400> difference between December 2011 vs. December 2010 the MEDIAN SALES PRICE in the Metro Portland Housing Market has also slipped:

December 2010 - Median Sales Price: $230,000

December 2011 - Median Sales Price: $216,600

The Median Sales Price in the Metro Portland Housing Market in December 2011: DOWN -5.8%

What the Numbers Say:

  • New Listings - DOWN -11.7%
  • Pending Sales - UP 19.3%
  • Closed Sales - UP 10.3%

Absorption Rate

The absorportion rate of Portland real estate indicates 5.3 months of inventory in December

  • Sellers Market: 1 to 5 months supply of homes
  • Neutral Market: 5 to 6+ months supply of homes
  • Buyers Market: More than 6 or 7 months’ supply of homes

Listings DOWN -11.7% in the Metro Portland Housing Market

Again, this is based on December 2010 compared to CURRENT December 2011. What this tells me is that:

  • Sellers are NOT listing their property
  • Sellers are NOT selling and moving-up
  • Buyers ARE out
  • Buyers ARE closing transactions
  • Buyers ARE not pushing pricing upwards

Portland Real Estate Market Time is Holding Steady

For both December 2010 and December 2011 the Average Days on the Portland Real Estate Market is: Approximately 145 days Median: Median is a mathematical result that indicates that one half of the group is higher and one half lower. Average: All sold prices are added together into a sum, the sum is then divided by the number of houses that sold.

Additional Portland Market Reports

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Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

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Topic:
Real Estate General Information
Location:
Oregon Multnomah County
Groups:
HyperLocal Neighborhood and Community Posts
Market Reports
Portland Metro Real Estate
Posts to Localism
Tags:
portland real estate market review december 2011

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Rainer
205,153
Marge Piwowarski
Phoenix AZ Horse Property, LLC
Phoenix AZ Horse Property

Carla, Great analysis of your mrket and real estate at the moment is looking a bit less local...

January 17, 2012 08:17 PM
Rainmaker
1,205,148
Carla Muss-Jacobs, Principal Broker/Owner
Buyer Focused ~ Buyer Results
BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time

Hi Carlotta . . . what a great summation of the market!!

Hey Tammy -- we can only hope, right!!

Hi Adrian . . . well, for sellers ;-)  Might get some buyers off that proverbial fence!

Hey Brett -- Thanks!

Hi Marge . . . seems like the market might be heading toward neutral for quite a few markets 

January 17, 2012 11:54 PM
Rainmaker
499,368
Mitchell J Hall
Lic Associate RE Broker - Manhattan, NYC
The Corcoran Group

Hi Carla, Excellent market report. I really like the chart. Hopefully 2012 will be a good year. I like neutral markets. I know you're a buyer's agent but in my opinion neutral markets (neither seller's or buyer's) are actually broker's markets. The field is level so good brokers can really work the market.

January 18, 2012 10:30 AM
Rainmaker
1,752,350
Gita Bantwal
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
RE/MAX Centre Realtors

Carla, I love your market reports. Great graphics and colors.

January 19, 2012 06:05 PM
Rainmaker
392,554
Nevin Williams
Raleigh Mortgage Pro
Sierra Pacific Mortgage Raleigh

Carla - People are visual creatures so I have to tell you I think the hard work you put into these fantastic graphs should prove productive for you and easy to read for your subscribers.  Nicely done!

January 19, 2012 10:09 PM
Anonymous
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Rainmaker
1,205,148

Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
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Additional Information

Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of Buyers Agent Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

The Sellers have their own agent ~~ Why don't you have yours?  

Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!