The Market Action for the Portland and Beaverton area home sales for January 2012, per the RMLS is as follows:  The year has started off on a positive note.  Sales activity in the Portland Metro area continues to show improvements in closed and pending sales comparing this January to the same month a year ago.  Closed sales showed an increase of 18.3%, posting the highest numbers for January 2007.  Pending sales saw growth of 22.4% in the same comparison.  Market time also improved, decreasing from 160 to 136 days.  There were 16.5% fewer newly listed residential properties.  At this month’s rate of sales, the 8,514 active residential listings would last approximately 7.0 months, down from 11.3 months in January 2011.  The average sale price of $249,100 for January 2012 was virtually the same as the $248,900 posted in January 2011.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 31.7%, Tigard pending sales are up 47.1%, Hillsboro / Forest Grove pending sales are up 92.1%, Lake Oswego pending sales are up 12.8%, SE Portland pending sales are up 22.2%, NE Portland pending sales are up 45.5% and Gresham / Troutdale pending sales are down 13.5%.  Average total market time measured by days is as follows; Beaverton 154, Tigard 166, Hillsboro 145, Lake Oswego 176, SE Portland 110, NE Portland 109 and Gresham / Troutdale 121. Rates continue to stay low around 4%.

Hopefully this current Market Action update will help you to better understand where we are in the current real estate market.  Location is proving to be the #1 need on buyer’s lists.  Price is a top factor in getting buyer’s through the door and making an offer.  Functionality of the floor plan and the yard are also important to buyers.

Home sales have been exceeding new inventory for several weeks.  Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed.  However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Looking at the zip code in Beaverton of 97005 home sales have been exceeding new inventory for several weeks now.  We continue to see prices in the zip code bouncing around this plateau.  Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

If you should have any questions about the market in your area don’t

hesitate to give Gary a call.

 The current Market Action for the Portland and Beaverton area home sales for December 2011 is in and it’s looking good. Sales activity in the Portland Metro area continue to show improvements in closed and pending sales.  Closed sales showed an increase of 10.3% in December 2011 compared to December 2010.  Pending sales rose 19.3%, however there were 11.7% less newly listed residential properties.  At this month’s rate of sales, the 8,612 active residential listings would last about 5.3 months, down from 7.9 months in December 2010.  The average sale price in December 2011 fell 6.2% when compared to November 2010, while the median declined 5.8%.  Compared to November 2011, the average sales price rose 0.5% for the second month in a row.

 Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 20.0%, Tigard pending sales are up 33.3%, Hillsboro / Forest Grove pending sales are up 46.8%, Lake Oswego pending sales are up 27.3%, SE Portland pending sales are up 13.9%, NE Portland pending sales are up 10.9% and Gresham / Troutdale pending sales are up 12.5%.  Average total market time measured by days is as follows; Beaverton 116, Tigard 164, Hillsboro 149, Lake Oswego 166, SE Portland 112, NE Portland 139 and Gresham / Troutdale 149. Rates continue to stay low around 4%.

 Hopefully this current Market Action update will help you to better understand where we are in the current real estate market.  If this trend continues then 2012 should be a good year compared to the last 4 years.  It is still a buyer’s market and buyers continue to be picky.  Keep in mind price and presentation is what’s still selling homes. 

The current Market Action for the Portland and Beaverton area home sales for November 2011 is as follows. Sales activity in the Portland Metro area continue to show improvements in closed and pending sales.  Closed sales were up 18.9% in November 2011 compared to November 2010.  Pending sales rose 18.2%, while there was 18.1% less newly listed residential properties.  At this month’s rate of sales, the 9,451 active residential listings would last about 6.2 months, down from 10.2 months in November 2010.  This is the lowest active listing count in the last three years.  The average sale price in November 2011 fell 4.6% when compared to November 2010.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 30.6%, Tigard pending sales are up 64.4%, Hillsboro / Forest Grove pending sales are up 26.2%, Lake Oswego pending sales are up 33.3%, SE Portland pending sales are up 15.8%, NE Portland pending sales are up 12.9% and Gresham / Troutdale pending sales are up 20.6%.  Average total market time measured by days is as follows; Beaverton 131, Tigard 139, Hillsboro 141, Lake Oswego 179, SE Portland 124, NE Portland 108 and Gresham / Troutdale 135. Rates continue to stay low around 4%.

Hopefully this current Market Action update will help you to better understand where we are in the current real estate market.  Keep watching the inventory, if it continues to decline at the same rate it is now for several more months this will put additional pressure on pricing. 

The current Market Action for the Portland and Beaverton area home sales for October 2011 are as follows. Sales activity in the Portland Metro area continued to show improvements in closed and pending sales.  Closed sales were up 14.1% in October 2011 compared to October 2010.  Pending sales saw a rise of 15.1%, while there was 22% less newly listed residential properties.  At this month’s rate of sales, the 10,012 active residential listings would last about 6.8 months, down from 10.7 months in October 2010.  The average sale price in October 2011 fell 6.5% when compared to October 2010.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 32.9%, Tigard pending sales are up 39.7%, Hillsboro / Forest Grove pending sales are up 26.3%, Lake Oswego pending sales are up 29.8%, SE Portland pending sales are up 10.8%, NE Portland pending sales are up 23.6% and Gresham / Troutdale pending sales are down 13.5%.  Average total market time measured by days is as follows; Beaverton 119, Tigard 138, Hillsboro 136, Lake Oswego 135, SE Portland 135, NE Portland 111 and Gresham / Troutdale 122. Rates continue to stay low around 4.25% or lower.

Hopefully this current Market Action update will help you to better understand where we are in the current real estate market.  Keep watching the inventory, if it continues to decline at the same rate it is now for several more months this will put additional pressure on pricing.

Home sales for the Portland and Beaverton area for September 2011 is as follows.  Sales activity in the Portland Metro area continued to show improvements in closed and pending sales.  The inventory levels remained much lower than September 2010.  Closed sales grew 13.4% in September 2011 compared to September 2010.  Pending sales were up also 17.5%, and new listings dropped 29.5%.  The average sale price for September 2011 declined 4.2% compared to September 2010.  Median sale price also fell 3.8%.  At this month’s rate, the 10,666 active residential listings would last about 6.7 months.  Comparing the 3rd quarter of 2010 with 2011, sales activity was up.  Closed sales jumped up by 21.5%, while pending sales increased by 21.6%.  New listings fell 27.6%.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 53.5%, Tigard pending sales are up 47.2%, Hillsboro/Forest Grove pending sales are up 41.0%, Lake Oswego pending sales are up 20.2%, SE Portland pending sales are up 14.2%, NE Portland pending sales are up 4.2% and Gresham/Troutdale pending sales are up 9.0%.  Average total market time measured by days is as follows; Beaverton 106, Tigard 174, Hillsboro 143, Lake Oswego 166, SE Portland 98, NE Portland 99 and Gresham/Troutdale 157.  Rates continue to stay low around 3.75% to 4.125%.

Hopefully this information on the current market will help you to better understand where we are at in the current Real Estate market.  Keep watching the inventory, if it continues to decline at the same rate it is now for several more months this will put additional pressure on pricing.  Some school districts are more desirable to buyer’s as well.  It’s all about location and big lots, but it is better than 2008 and 2009.

Enclosed is the current Market Action for the Portland and Beaverton area home sales for August 2011. Sales activity in the Portland Metro area showed improvements in closed and pending sales.  Closed sales grew 30.7% in August 2011 compared to August 2010.  Pending sales were up also 29.6%, and new listings dropped 24.8%.  Comparing July 2011 with August 2011, closed sales increased from 1,709 to 1,805 (5.6%).
Pending sales also went up from 1,928 to 2,187 (13.4%).  At this month’s rate, the 11,276 active residential listings would last about 6.2 months, down from 11 months in August
2010.  The average sale price for August 2011 declined  9.2% compared to August
2010.  Comparing January-August 2010 with the same period in 2011, pending sales increased by 2.8% (14,248 v. 14,645).  New listings fell 26% (34,043 v. 25,189).

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 45.3%, Tigard pending sales are up 27.7%, Hillsboro / Forest Grove pending sales are up 29.5%, Lake Oswego pending sales are up 11.6%, SE Portland pending sales are up 47.9%, NE Portland pending sales are up 31.8% and Gresham / Troutdale pending sales are up 22.9%.  Average total market time measured by days is as follows; Beaverton 141, Tigard 171, Hillsboro 118, Lake Oswego 167, SE Portland 110, NE Portland 105 and Gresham / Troutdale 140. Rates continue to stay low around 3.75 % to 4.125%.

Hopefully this current Market Action update will help you to better understand where we are in the current real estate market.  Keep watching the inventory, if
it continues to decline at the same rate it is now for several more months this
will put additional pressure on pricing.  We have seen price increase in some zip codes
over the past several months.  Some school districts are more desirable to buyers.
It’s all about location and big lots, but it is better than 2008 and 2009.

The current Market Action for the Portland and Beaverton area home sales for July 2011. Closed and pending sales were both up in July 2011 compared to July 2010. The inventory level in July 2011 was down 3.8 months compared with the same month a year ago. Closed
sales grew 21% in July 2011 compared to July 2010. Pending sales were up 18.4%,
and new listings dropped 27%. The average sale price for July 2011 declined 7.4%
compared to July 2010 and the median sale price also fell 7.6%. Month to month,
comparing June 2011 to July 2011, sale price activity rose slightly. The average sale price went up from $267,100 to $275,100 (3%) while the median sale price increased from $222,900 to $227,200 (1.9%).

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home sales are up 26.8%, Tigard home sales are up 20.6%, Hillsboro / Forest Grove home sales are up 24.3%, Lake Oswego home sales are up 6.9%, SE Portland home sales are up 8.3%, NE Portland home sales are up 12.9% and Gresham / Troutdale home sales are up
24.5%. Average total market time measured by days is as follows; Beaverton 135,
Tigard 146, Hillsboro 136, Lake Oswego 149, SE Portland 102, NE Portland 109
and Gresham / Troutdale 170. Rates continue to stay around 4.5% to 4.7%.

Homes that are priced good should be getting 2-3 showings a week. Homes that have a good presentation and are priced the best, sell fastest. We are seeing a few more buyers trickle into the market now. The market does slow down a little bit the last part of August and first part of September with kids going back to school. However, by mid-September to
early October most buyers are on the search again.

This is the current Market Action for the Portland and Beaverton area home sales for June 2011. Closed sales were down in June 2011 2.7% compared with June 2010, pending sales jumped 23.7%, compared with the same month a year ago, and inventory hit the lowest level since July 2007. Comparing May 2011 with June 2011, closed sales increased from 1,742 to 1,958 (12.4%). Pending sales decreased from 2,167 to 2,001 (-7.7%). New
listings went down from 3,338 to 3,143 (-5.8%).

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home sales are up 26.1%, Tigard home sales are up 37.7%, Hillsboro / Forest Grove home sales are up 6.3%, Lake Oswego home sales are 3.9%, SE Portland home sales are up 35.4%, NE Portland home sales are up 16.5% and Gresham / Troutdale home sales are up 4.3%.

Average total market time measured by days is as follows; Beaverton 185, Tigard 151, Hillsboro 136, Lake Oswego 104, SE Portland 242, NE Portland 211 and Gresham / Troutdale 125.  Rates continue to stay around 4.625%.  Hope this current Market Action gives you a good idea on what the market is doing.