The Portland/Beaverton real estate numbers continue to taper with the season, but numbers are strong compared to November 2012. Closed sales decreased 16.8% compared to October’s closings-but it was also the best November for closings since 2006. Pending sales fared similarly, decreasing 14.0% from October but showing an increase of 5.6% over November 2012. New listings decreased 22.1% from October but show an increase of 18.0% over last November.
The number of active listings on the market dropped. Total market time increased slightly this month to 80 days, but was substantially shorter than the total market time of 101 days in November of last year.
There have been 25,667 accepted offers and 24,872 closed sales so far in 2013! This is up 12.9% for pending sales and 15.4% up for closed sales in the same period last year. We also saw an increase of 11.3% in new listings so far this year!
The average sales price is up 13.5% from the same period in 2012, from $273,800 in 2012 to $310,800 this year.
2013 looks to be finishing strong, which follows suit for the whole year! Happy Holidays!