Portland home sales climb in December

Portland home sales improved notably in December compared to a year ago. Closed sales rose 52.6 percent in December, compared with the same month in 2008, according to figures released Thursday by the Regional Multiple Listing Service. Pending sales climbed 40.9 percent and new listings rose 11.9 percent.

For the year, closed sales were comparable to 2008 and pending sales increased by 4 percent.

The year ended with a 7.7 month inventory of unsold homes, roughly half the 14.1 percent level posted in 2008. There were 1,506 closed sales in December, 16.1 percent fewer than November.

The year 2009 had 44,357 new listings, 19,921 pending sales, 18,955 closed sales and an average sales price of $289,900.

That compares with 2008’s 54,605 new listings, 19,150 pending sales, 19,132 closed sales and average sale price of $330,300.

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