Portland Real Estate Market Statistics for July, 2011

Portland Real Estate Market Statistics for July, 2011

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 RMLS just released their latest market stats for July, 2011.  Highlights include an increase from a 6 month to 7 month inventory* of houses for sale.  This isn’t bad considering that our Spring buying season is winding up and that having a 6 month inventory (in June) was pretty stellar.  A 7 month inventory is pretty great too. 

 

The numbers of closed and pending transactions decreased from June to July – not a surprise.  The really good news is that the number of closed and pending transactions increased by 21% and 18.4% (respectively) when compared to the year before.  That’s some nice activity! 

 

The average sale price increase by 3% from June to July.  That’s an increase from $267,100 to $275,100. 

 

Let me know if you would like to read the full report and I’ll send a copy off to you, and feel free to ask me how your neighborhood is doing.  I’m always happy to oblige.

 

       -Ron-

 

 

Ron Milligan
RE/MAX Signature Properties,   2717 NE Broadway, Portland Oregon 97232   (503) 282-4000