Portland City Limits Real Estate Market Report May 2008
Jun 14th, 2008 | By Bob Broad | Category: Market Update 
We have preliminary market data for the month of May, 2008 for Portland City Limits Real Estate.
Highlights Include:
- $292,000 median price is approximately 2% below May 07 $299,000 median price
- 884 properties under contract (pending sales) is approximately 26% below last May’s contract sales of 1,200*
- Sold properties in May were on market an average of 64 days
- There are approximately 6.3 months of inventory on the market at the May sales rate
Portland City Limits Real Estate Market Report May 2008
Charts and tables with pricing, listing, for sale, pending sales, closed sales, days-on-market, and months-of-supply for Beaverton May 2006 - May 2008.
* This data is still early, final May numbers will not be reported until mid-month.
Looking at the numbers by region, it’s clear that Portland West is the softest region within the city: prices have retreated 7%, contracted sales are down 29%, average time-on-market is up to 90 days, and there is 8.6 months of inventory. Prices in the other three regions are only down less than 2%; inventories and time-on-market are markedly improved. I believe this is primarily a function of higher home prices on the west side of the river.
Southeast Portland Market Report
Northeast Portland Market Report
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