Kevin Davis
Knipe Realty NW
503-737-7227
Questions?
Schedule a Showing!
Profile Image
 
Licensed In:
Oregon
 
Information valid as of
March 18, 2013.
Please contact us for the
most current information
and status of these properties.

Portland Oregon Real Estate Market Report for March 2013

QR Code
  • Status: Pending
    2036 SE TAYLOR ST
    $619,000
    4 Bedrooms
    2 Bathrooms [ 1 Full, 1 Half ]
    LISTING MLS ID: 13260512
    Listing Courtesy of: Brook Hogan

  • Status: Active
    10212 N TIOGA AVE
    $169,000
    3 Bedrooms
    6 Bathrooms [ 3 Full, 3 Half ]
    LISTING MLS ID: 12435054
    Listing Courtesy of: Brook Hogan

  • Status: Active
    8510 SE 75TH AVE
    $195,000
    5 Bedrooms
    3 Bathrooms [ 2 Full, 1 Half ]
    LISTING MLS ID: 12144066
    Listing Courtesy of: Brook Hogan

  • Status: Just Sold
    6650 SE KNIGHT ST
    $219,000
    3 Bedrooms
    1 Bathrooms [ 1 Full ]
    LISTING MLS ID: 12605186
    Listing Courtesy of: Brook Hogan

February Highlights
 
Portland’s real estate activity remains solid. February’s closed sales were strong—at 1,376, closed sales represented the best February since 2008.
Pending sales increased this month by 11.8% from January 2013, to 2,130. This represents the best February since 2007, when there were 2,834 pending sales recorded.
There were also 2,453 new listings in February. This is virtually the same as January’s 2,438 listings, and only a 1.6% decrease from February 2012.
Active inventory continues at historic lows—unsold inventory remains low at 4.5 months.
Market time also remains low. At 116 days, February’s total market time is about the same as it was in January, at 114 days.
 
Average and Median Sale Prices
 
The average sale price in February was $282,000, and the median sale price was $242,000.
Prices are on the rise in Portland Metro. Comparing the average price of homes in the twelve months ending February 28th of this year ($278,600) with the average price of homes sold in the twelve months ending February 2012 ($263,300) shows an increase of 5.8%. In the same comparison, the median has increased 8.5% to $238,500 in the last twelve months from $219,900 in the preceding twelve months.

 

If you are Active Military, a Veteran, Law Enforcement, Firefighter, First Responder, Teacher or Health Care Worker wanting to buy or sell a home, please visit www.HomesForHeroes.com  to find out how you can be rewarded for your service.

L2L