Portland Metro Market Stats – April 2012

The latest RMLS Action report for the greater Portland Metro area shows the supply of homes for sale has dropped to its lowest point in years, currently at 4.7 months of inventory. Rates are low and buyer activity is on the rise, often resulting in multiple offers coming in on well-priced homes for sale.

Comparing the first four months of 2012 with the same period in 2011, closed sales are up 13.1%, pending sales are up 17.5% and new listings are down 9.7%. Time on the market has also dropped from 161 days to 132.

Portland Metro Real Estate Market Stats April 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


Southwest Washington Market Stats – April 2012

The latest RMLS Market Action report shows the 2,679 active listing count in Clark County would be exhausted in 6.7 months at the April rate of sales. This is a slight uptick from last month and about a month less than inventory in April of 2011.

When comparing the first four months of 2012 to 2011, the results are mixed. New listings are down 16.8%, accepted offers are up 5.3% and closed sales rose 4.2%. The average sale price went from $216,100 to $204,900.SW Washington Market Trends - April 2012

To track market trends in your area, sign up for our exclusive Market Tracker report or contact a Prudential Northwest Properties real estate broker today.


The Chairman’s Report, a Real Estate Update from Bert Waugh, Jr.

The Chairman's Report

 

 

 

 

Portlant Metro RMLS Report: Comparing first quarter of 2012 with the same period in 2011, closed sales increased 12.2%. There were more closed sales in the first three months of 2012 than in any first quarter since 2007. Pending sales were up 18.2% in the quarterly comparison, with new listings decreasing by 12%.

A comparison of first quarter prices this year and last shows average sales price declined less than one-half percent. The average sale price was $251,700 in the first quarter of this year and $252,800 in the comparable period last year. The median sale price decreased 1.4% ($212,000 this year and $215,000 in 2011).

Total days on market decreased by 17.9%  …  click here to read the full report.

 

 

 


Justin Trombello Joins the Prudential Northwest Properties Leadership Team

Justin Trombello

Justin Trombello

We’re pleased to welcome the newest member of the Prudential Northwest Properties leadership team, Justin Trombello. Justin has established a proven track record of success and enjoys a stellar reputation as a real estate practitioner. As Team Leader of our Columbia Tech Center branch, he will be sharing his expertise and helping his fellow Prudential brokers continue to raise the bar in real estate service in Southwest Washington. Justin, welcome to the leadership team — you are a wonderful addition!


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