I have preliminary market data for the month of May, 2008 for Northeast Portland Real Estate.
Highlights Include:

$280,000 median price is approximately 2% below May 07 $285,000 median price
224 properties under contract (pending sales) is approximately 27% below last May’s contract sales of 308*
Sold properties in May were on market an average of 47 days
There [...]

I have preliminary market data for the month of May, 2008 for Southeast Portland Real Estate.
Highlights Include:

$255,000 median price is approximately equal to May 07 median price
310 properties under contract (pending sales) is approximately 27% below last May’s contract sales of 424*
Sold properties in May were on market an average of 66 days
There are approximately [...]

 
I have preliminary market data for the month of May, 2008 for North Portland Real Estate.
Highlights Include:

$252,500 median price is just down 1% from May 07 $255,000 median price
122 properties under contract (pending sales) is approximately 13% below last May’s contract sales of 141*
Sold properties in May were on market an average of 9of just [...]

The April headline for Portland, OR real estate is clearly “Prices Down.” Finally. This is the first retreat in median home prices for Portland real estate since May 2001. Seven Years!
It was not surprising. Price is a trailing metric. The dramatic declines in transaction volume, and resulting build-up of [...]

Portland’s RMLS recently reported RMLS March Market Action Report. As I was reviewing the numbers at the beginning of the month I expected that we would report a year-to-year price decline for the first time. But, as March data trickled in during the early part of April, prices were high enough [...]

I have been coached by another real estate blogger about methodology issues that have most-significantly over-inflated my inventory estimates. I didn’t back out listings that have been canceled and withdrawn from the inventory estimates. Also there are transactions that will be included in March numbers, but not posted on March 31 [...]

RMLS released their RMLS February Market Action Report on the state of our local housing market. What typically gets reported after these monthly reports is the change in our mean home price, and perhaps something about housing inventory. Portland remains one of a few major cities that continues to report rising home prices, although the [...]

Most major metro areas are seeing a decline in home prices - except for Portland, Seattle and Charlotte. Seems to be a recurring story lately, as the Portland Oregon real estate market keeps on showing positive numbers. S&P just released their Case-Shiller Home Price Index which indicates that largest overall decline in the [...]