July Market Action – 2013

Summer has been sunny indeed for the real estate market in the Portland metro area.  Closed sales (2,766) topped June’s number (2,511) by 10.2%.  This represents the best July for Portland since 2005. 

New listings, at 3,877, are also up 3.4% in July over the previous month and 22.6% over July 2012. 

Pending sales dropped just slightly (2.4%) in June to 2,738 from 2,809.  This represents a 15.4% increase over the 2,372 accepted offers from July 2012.

Inventory currently sits at 2.8 months.  Total active listings rose by 500 between June and July.  At the end of July, there were 7,849 active residential listings on the market.

The average sales price so far this year is $307,100, up 14.0% from the same period in 2012, when the average was $269,300.  The median price increased as well, 13.7%, from $229,500 last year to $261,000 thus far in 2013.

All in all the real estate market has been going strong this summer! 


About garypotts

Quality with results is never an accident; it is always the result of sincere effort, intelligent direction and skillful execution. Gary has been a top fixture in the Beaverton/Portland Real Estate market for over 19 years, closing well over 1,000 homes. Gary sold over $10 million in sales for the 97007 zip code for 2017! Achieving true distinction can only come from years of dedication and success. Since 1999 Gary Potts has devoted himself to serving the greater Portland metro area real estate market in destinations ranging from downtown Portland condo’s to the Oregon Beaches and most area’s in between including the East side of Portland. In 2011, 2012 and 2013, Gary finished in the top 5 among active Realtors belonging to the Portland RMLS (over 8,500 active Realtors) for closed sales in the Beaverton area. Gary’s combination of real estate expertise and responsive, flexible customer relations has allowed him to continue to grow and become one of the most influential Realtors within the Portland area. Prior to arriving at Meadows Group Realtors, in 2007 and 2008 Gary finished as the # 1 Century 21 Realtor for productivity in the State of Oregon. Born and raised in the Portland, Oregon area, Gary volunteered for the Marine Corp in 1985 where he served 4 years as a special forces Amphibious Reconnaissance Marine. After being honorably discharged from the Marines, Gary earned his associates degree while attending Allen Hancock Community college in Santa Maria, California. From there he earned a full athletic scholarship and was a student athlete and participated in Football at the University of Utah. After studying and earning his bachelor degree in Political Science with minors in History and Sociology, Gary was an assistant football coach for Portland State University. After 5 years of coaching at the college level Gary made a great decision to change people’s lives through real estate.
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