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.