Metro Portland, Oregon Ja
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon January Highlights The Portland real estate market got off to a good start in January 2013. There were 2,438 new listings, an 89.6% increase over December 2012 listings of 1,286, but 6.7% fewer than the 2,613 listings of January 2012. Although fewer than December’s 1,760 closed sales, the 1,344 closed sales in January 2013 are the most for the month of January since 2007, when there were 1,594 sales. There were 1,906 offers accepted, also the most in January since 2007 when there were 2,544 pending sales. Pending sales increased 37.7% over the previous month when there were 1,384. Active inventory continues at historic lows, rising only fractionally to 6,366 homes on the market—a mere six more listings than December 2012. Unsold inventory remains low at 4.7 months.
Change
2012
2013
Portland Metro Residential Highlights
January 2013 Reporting Period
Market time continues to shrink. At 114 days, January’s total market time has lowered by 16.3% from an average of 136 days on the market in January 2012. Average and Median Sale Prices The average sale price in January was $287,700, and the median sale price was $248,000. Prices are rising over time. Comparing the average price of homes in the twelve months ending January 31st of this year ($277,000) with the average price of homes sold in the twelve months ending January 2012 ($262,900) shows an increase of 5.4%. In the same comparison, the median has increased 7.3% to $236,000 in the last twelve months from $219,900 in the preceding twelve months.
Inventory in Months* 2011 2012 2013 January 11.3 7.0 4.7 February 10.9 6.5 March 7.1 5.0 April 7.2 4.7 May 6.8 4.2 June 6.0 3.9 July 7.0 4.6 August 6.2 3.9 September 6.7 4.6 October 6.8 3.8 November 6.2 4.2 December 5.3 3.6 *Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +5.4% ($277,000 v. $262,900) Median Sale Price % Change: +7.3% ($236,000 v. $219,900)
For further explanation of this measure, see the second footnote on page 2.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
January
2,438
1,906
1,344
287,700
248,000
114
December
1,286
1,384
1,760
290,200
247,900
111
Year-to-date
2,438
1,906
1,344
287,700
248,000
114
January
2,613
1,823
1,224
249,100
207,500
136
Year-to-date
2,613
1,823
1,224
249,100
207,500
136
January
-6.7%
4.6%
9.8%
15.5%
19.5%
-16.3%
Prev Mo 2012
89.6%
37.7%
-23.6%
-0.9%
0.0%
2.7%
Year-to-date
-6.7%
4.6%
9.8%
15.5%
19.5%
-16.3%
© Copyright RMLS™ 2013. All Rights Reserved.
AREA REPORT • 1/2013
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
49
238,400
238,000
4.3%
-
NE Portland
406
217
60
178
1.1%
130
305,000
75
217
178
1.1%
130
305,000
251,700
9.0%
2
201,000
5
SE Portland
526
253
67
221
-2.2%
177
235,900
83
253
221
-2.2%
177
235,900
204,900
7.0%
1
255,000
144
Gresham/ Troutdale
472
170
60
101
5.2%
91
230,000
130
170
101
5.2%
91
230,000
200,000
-0.2%
-
145
Milwaukie/ Clackamas
608
227
67
164
16.3%
109
245,200
112
227
164
16.3%
109
245,200
230,000
4.8%
-
146
Oregon City/ Canby
454
159
53
101
6.3%
65
242,600
144
159
101
6.3%
65
242,600
235,000
2.5%
147
Lake Oswego/ West Linn
450
187
89
130
34.0%
79
480,600
138
187
130
34.0%
79
480,600
385,000
3.3%
-
-
W Portland
686
266
91
192
11.0%
133
429,800
111
266
192
11.0%
133
429,800
335,000
8.3%
-
-
3
NW Wash Co.
218
105
34
100
16.3%
77
366,800
152
105
100
16.3%
77
366,800
357,000
-0.2%
-
-
Beaverton/ Aloha
417
213
42
168
-8.2%
120
230,800
98
213
168
-8.2%
120
230,800
209,900
3.8%
-
-
Tigard/ Wilsonville
510
221
63
202
32.0%
131
315,000
114
221
202
32.0%
131
315,000
282,000
4.3%
1
Hillsboro/ Forest Grove
433
145
35
117
-31.6%
94
217,500
134
145
117
-31.6%
94
217,500
194,900
6.6%
2
94
10
10
9
-10.0%
4
262,300
125
10
9
-10.0%
4
262,300
280,000
3.5%
278
56
35
52
0.0%
34
169,400
210
56
52
0.0%
34
169,400
164,500
4.9%
1
579 6,366
114 2,438
48 779
94 1,906
19.0% -1.2%
51 1,344
207,700 287,700
155 114
114 2,438
94 1,906
51 1,344
207,700 287,700
169,000 248,000
10.6% 5.4%
-8
141 142 143 148 149 153 155 156
Mt. Hood Columbia Co.
19.0% -91.8%
New Listings
Total Market Time
Closed Sales
Closed Sales
-
1
-
-
Average Sale Price
Closed Sales
-9.4%
Closed Sales
Avg. Sale Price % Change
77
Average Sale Price
Median Sale Price
95
Average Sale Price
Average Sale Price
69
Closed Sales
238,400
Pending Sales 2013
49
3
-9.4%
Average Sale Price
77
Pending Sales 2013
25
New Listings
95
Active Listings
235
150
Pending Sales 2013 v. 2012
Year-To-Date
151
Pending Sales 2013 v. 2012
Year-To-Date
152
Expired/Canceled Listings
MULTIFAMILY
N Portland
Yamhill Co. Grand Total
1
LAND
2
Year-To-Date
1
Current Month
COMMERCIAL
2
322,500
148,600
9
326,800
3
50,600
14
382,700
-
4
118,000
2
169,500
-
6
80,500
1
265,000
4
155,800
1
223,000
1
595,000
200,000
3
892,900
1
350,000
1
321,000
1
700,000
3
181,700
177,900
3
225,300
3
242,300
398,400
5
49,500
1
180,000
310,000
105,000 -
-
-
-
-
-
-
-
-
-
-
-
438
148,400 145,000
432
287,800 358,000
Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2013 with January 2012. The Year-To-Date section compares 2013 year-to-date statistics through January with 2012 year-to-date statistics through January.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/12-1/31/13) with 12 months before (2/1/11-1/31/12).
3
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
2
© Copyright RMLS™ 2013. All Rights Reserved.
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 13,000 12,000 11,000
PORTLAND, OR
10,000
This graph shows the active
9,000
residential listings over the
8,000 7,000
past three calendar years in
6,000
the greater Portland,
5,000
Oregon metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 11,697 11,746 11,458 11,621 11,825 11,817 11,970 11,276 10,666 10,012 9,451 8,612 2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,352 2013 6,366
TOTAL ACTIVE LISTINGS PORTLAND, OR
This graph shows the total active listings over the past three calendar years in the greater
Total Active Listings 17,500 15,000 12,500 10,000
Portland, Oregon
7,500
metropolitan area.
5,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 14,815 14,869 14,544 14,736 14,973 14,921 15,000 14,269 13,579 12,852 12,283 11,167 2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 2013 8,519
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,000 3,500
new residential listings
3,000
over the past three
2,500 2,000
calendar years in the
1,500 1,000
greater Portland, Oregon
500
metropolitan area.
0
2011
2012
2013
3
© Copyright RMLS™ 2013. All Rights Reserved.
PENDING LISTINGS Pending Sales
PORTLAND, OR
This graph represents
3,000 2,500
monthly accepted offers
2,000
in the Portland, Oregon
1,500
metropolitan area over
1,000
the past three calendar
500
years.
0
2011
2012
2013
CLOSED SALES PORTLAND, OR
Best January in 5 years
This graph shows the
2,500
closed sales over the past five calendar years in the greater Portland, Oregon metropolitan area.
Closed Sales
also best since 2007
2,000 1,500
2009 2010
1,000
2011 2012
500
2013
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
200 180 160 140 120 100 80 60 40 20 0
This graph shows the average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years.
2011 TMT
2012 TMT
2013 TMT
4
© Copyright RMLS™ 2013. All Rights Reserved.
SALE PRICE
This graph represents the average and median sale price for all homes sold in
PORTLAND, OR
the Portland, Oregon metropolitan area.
Average and Median Sale Price $375,000 $355,000 $335,000 $315,000
$295,000 $275,000 $255,000 $235,000 $215,000 $175,000
Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
260000 240000 220000
This graph shows the
200000
median sale price over
180000
the past 12 months in
160000
the greater Portland,
140000
Oregon, metropolitan
120000 100000
JAN
FEB
MAR APR
MAY JUNE JULY AUG SEPT OCT
Clark County
NOV
Metro Portland, OR
5
© Copyright RMLS™ 2013. All Rights Reserved.
DEC
JAN
area and Clark County.
MEDIAN SALE PRICE January 2013
SW WASHINGTON
$160,200
$227,000
Woodland
N/NE Clark County
$225,000
PORTLAND
$249,000
Battle Ground
Ridgefield/La Center
METRO
$ 164,500 Columbia County $284,500 Salmon Creek $206,000 Felida
$ 357,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$185,000 Hazel Dell Minnehaha
$151,300 5 Corners Orch.
$132,600 Cent. Vancouver
$ 209,900 Beaverton
$ 335,000 West Portland
Aloha
$ 282,000 Tigard/Tualatin Sherwood Wilsonville
$267,000 Camas/Washougal $ 251,700 NE Portland $ 204,900 SE Portland $ 230,000
$ 385,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 169,000 $ 235,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$199,500 Cascade Park
$302,500 Heights
$ 238,000 N Portland
$ 194,900 Hillsboro Forest Grove
$270,900
© Copyright RMLS™ 2013. All Rights Reserved.
$ 200,000 Gresham Troutdale Sandy Corbett Fairview
$ 280,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689
MEDIAN SALE PRICE CONDOS PORTLAND, OR
Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342
Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County PO Box 6307 Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
Portland, Oregon metropolitan area. Median Condo Sale Price
$245,000 $220,000 $195,000 $170,000 $145,000
$120,000
2011
AFFORDABILITY PORTLAND, OR
2012
2013
This graph shows the affordability for housing in Portland, Oregon in December 2012.
Affordability Index 200 180
160 140 120 100 80 60
40 20 0
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
condos sold in the last three calendar years in the
Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12
Salem 4035 12th Street Cutoff SE, Suite 110 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817
This graph represents the median sale price for all
AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland metro area is affordable for a family earning the median income. A family earning the median income ($73,000 in 2012, per HUD) can afford 167% of a monthly mortgage payment on a median priced home ($247,900 in December). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.66% (per Freddie Mac).
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Brian Carlson, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2013. All Rights Reserved.
Change
2012
2013
Portland Metro Residential Highlights
January 2013 Reporting Period
Market time continues to shrink. At 114 days, January’s total market time has lowered by 16.3% from an average of 136 days on the market in January 2012. Average and Median Sale Prices The average sale price in January was $287,700, and the median sale price was $248,000. Prices are rising over time. Comparing the average price of homes in the twelve months ending January 31st of this year ($277,000) with the average price of homes sold in the twelve months ending January 2012 ($262,900) shows an increase of 5.4%. In the same comparison, the median has increased 7.3% to $236,000 in the last twelve months from $219,900 in the preceding twelve months.
Inventory in Months* 2011 2012 2013 January 11.3 7.0 4.7 February 10.9 6.5 March 7.1 5.0 April 7.2 4.7 May 6.8 4.2 June 6.0 3.9 July 7.0 4.6 August 6.2 3.9 September 6.7 4.6 October 6.8 3.8 November 6.2 4.2 December 5.3 3.6 *Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: +5.4% ($277,000 v. $262,900) Median Sale Price % Change: +7.3% ($236,000 v. $219,900)
For further explanation of this measure, see the second footnote on page 2.
New Listings
Pending Sales
Closed Sales
Average Sale Price
Median Sale Price
Total Market Time
January
2,438
1,906
1,344
287,700
248,000
114
December
1,286
1,384
1,760
290,200
247,900
111
Year-to-date
2,438
1,906
1,344
287,700
248,000
114
January
2,613
1,823
1,224
249,100
207,500
136
Year-to-date
2,613
1,823
1,224
249,100
207,500
136
January
-6.7%
4.6%
9.8%
15.5%
19.5%
-16.3%
Prev Mo 2012
89.6%
37.7%
-23.6%
-0.9%
0.0%
2.7%
Year-to-date
-6.7%
4.6%
9.8%
15.5%
19.5%
-16.3%
© Copyright RMLS™ 2013. All Rights Reserved.
AREA REPORT • 1/2013
Portland Metropolitan Area, Oregon RESIDENTIAL
Year-To-Date
49
238,400
238,000
4.3%
-
NE Portland
406
217
60
178
1.1%
130
305,000
75
217
178
1.1%
130
305,000
251,700
9.0%
2
201,000
5
SE Portland
526
253
67
221
-2.2%
177
235,900
83
253
221
-2.2%
177
235,900
204,900
7.0%
1
255,000
144
Gresham/ Troutdale
472
170
60
101
5.2%
91
230,000
130
170
101
5.2%
91
230,000
200,000
-0.2%
-
145
Milwaukie/ Clackamas
608
227
67
164
16.3%
109
245,200
112
227
164
16.3%
109
245,200
230,000
4.8%
-
146
Oregon City/ Canby
454
159
53
101
6.3%
65
242,600
144
159
101
6.3%
65
242,600
235,000
2.5%
147
Lake Oswego/ West Linn
450
187
89
130
34.0%
79
480,600
138
187
130
34.0%
79
480,600
385,000
3.3%
-
-
W Portland
686
266
91
192
11.0%
133
429,800
111
266
192
11.0%
133
429,800
335,000
8.3%
-
-
3
NW Wash Co.
218
105
34
100
16.3%
77
366,800
152
105
100
16.3%
77
366,800
357,000
-0.2%
-
-
Beaverton/ Aloha
417
213
42
168
-8.2%
120
230,800
98
213
168
-8.2%
120
230,800
209,900
3.8%
-
-
Tigard/ Wilsonville
510
221
63
202
32.0%
131
315,000
114
221
202
32.0%
131
315,000
282,000
4.3%
1
Hillsboro/ Forest Grove
433
145
35
117
-31.6%
94
217,500
134
145
117
-31.6%
94
217,500
194,900
6.6%
2
94
10
10
9
-10.0%
4
262,300
125
10
9
-10.0%
4
262,300
280,000
3.5%
278
56
35
52
0.0%
34
169,400
210
56
52
0.0%
34
169,400
164,500
4.9%
1
579 6,366
114 2,438
48 779
94 1,906
19.0% -1.2%
51 1,344
207,700 287,700
155 114
114 2,438
94 1,906
51 1,344
207,700 287,700
169,000 248,000
10.6% 5.4%
-8
141 142 143 148 149 153 155 156
Mt. Hood Columbia Co.
19.0% -91.8%
New Listings
Total Market Time
Closed Sales
Closed Sales
-
1
-
-
Average Sale Price
Closed Sales
-9.4%
Closed Sales
Avg. Sale Price % Change
77
Average Sale Price
Median Sale Price
95
Average Sale Price
Average Sale Price
69
Closed Sales
238,400
Pending Sales 2013
49
3
-9.4%
Average Sale Price
77
Pending Sales 2013
25
New Listings
95
Active Listings
235
150
Pending Sales 2013 v. 2012
Year-To-Date
151
Pending Sales 2013 v. 2012
Year-To-Date
152
Expired/Canceled Listings
MULTIFAMILY
N Portland
Yamhill Co. Grand Total
1
LAND
2
Year-To-Date
1
Current Month
COMMERCIAL
2
322,500
148,600
9
326,800
3
50,600
14
382,700
-
4
118,000
2
169,500
-
6
80,500
1
265,000
4
155,800
1
223,000
1
595,000
200,000
3
892,900
1
350,000
1
321,000
1
700,000
3
181,700
177,900
3
225,300
3
242,300
398,400
5
49,500
1
180,000
310,000
105,000 -
-
-
-
-
-
-
-
-
-
-
-
438
148,400 145,000
432
287,800 358,000
Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2013 with January 2012. The Year-To-Date section compares 2013 year-to-date statistics through January with 2012 year-to-date statistics through January.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/12-1/31/13) with 12 months before (2/1/11-1/31/12).
3
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
2
© Copyright RMLS™ 2013. All Rights Reserved.
ACTIVE RESIDENTIAL LISTINGS
Active Residential Listings 13,000 12,000 11,000
PORTLAND, OR
10,000
This graph shows the active
9,000
residential listings over the
8,000 7,000
past three calendar years in
6,000
the greater Portland,
5,000
Oregon metropolitan area.
4,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 11,697 11,746 11,458 11,621 11,825 11,817 11,970 11,276 10,666 10,012 9,451 8,612 2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,352 2013 6,366
TOTAL ACTIVE LISTINGS PORTLAND, OR
This graph shows the total active listings over the past three calendar years in the greater
Total Active Listings 17,500 15,000 12,500 10,000
Portland, Oregon
7,500
metropolitan area.
5,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2011 14,815 14,869 14,544 14,736 14,973 14,921 15,000 14,269 13,579 12,852 12,283 11,167 2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374 2013 8,519
NEW LISTINGS
New Listings
PORTLAND, OR
This graph shows the
4,000 3,500
new residential listings
3,000
over the past three
2,500 2,000
calendar years in the
1,500 1,000
greater Portland, Oregon
500
metropolitan area.
0
2011
2012
2013
3
© Copyright RMLS™ 2013. All Rights Reserved.
PENDING LISTINGS Pending Sales
PORTLAND, OR
This graph represents
3,000 2,500
monthly accepted offers
2,000
in the Portland, Oregon
1,500
metropolitan area over
1,000
the past three calendar
500
years.
0
2011
2012
2013
CLOSED SALES PORTLAND, OR
Best January in 5 years
This graph shows the
2,500
closed sales over the past five calendar years in the greater Portland, Oregon metropolitan area.
Closed Sales
also best since 2007
2,000 1,500
2009 2010
1,000
2011 2012
500
2013
0
DAYS ON MARKET
Average Total Market Time
PORTLAND, OR
200 180 160 140 120 100 80 60 40 20 0
This graph shows the average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years.
2011 TMT
2012 TMT
2013 TMT
4
© Copyright RMLS™ 2013. All Rights Reserved.
SALE PRICE
This graph represents the average and median sale price for all homes sold in
PORTLAND, OR
the Portland, Oregon metropolitan area.
Average and Median Sale Price $375,000 $355,000 $335,000 $315,000
$295,000 $275,000 $255,000 $235,000 $215,000 $175,000
Jan-04 Apr-04 Jul-04 Oct-04 Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08 Oct-08 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13
$195,000
Average Sale Price
Median Sale Price
MEDIAN SALE PRICE
Median Sale Price: Portland, OR & Clark Co., WA
PORTLAND, OR
260000 240000 220000
This graph shows the
200000
median sale price over
180000
the past 12 months in
160000
the greater Portland,
140000
Oregon, metropolitan
120000 100000
JAN
FEB
MAR APR
MAY JUNE JULY AUG SEPT OCT
Clark County
NOV
Metro Portland, OR
5
© Copyright RMLS™ 2013. All Rights Reserved.
DEC
JAN
area and Clark County.
MEDIAN SALE PRICE January 2013
SW WASHINGTON
$160,200
$227,000
Woodland
N/NE Clark County
$225,000
PORTLAND
$249,000
Battle Ground
Ridgefield/La Center
METRO
$ 164,500 Columbia County $284,500 Salmon Creek $206,000 Felida
$ 357,000 North Washington County Sauvie Island
Brush Prairie Hockinson
$185,000 Hazel Dell Minnehaha
$151,300 5 Corners Orch.
$132,600 Cent. Vancouver
$ 209,900 Beaverton
$ 335,000 West Portland
Aloha
$ 282,000 Tigard/Tualatin Sherwood Wilsonville
$267,000 Camas/Washougal $ 251,700 NE Portland $ 204,900 SE Portland $ 230,000
$ 385,000
Milwaukie/Gladstone/ Boring/Clackamas Estacada
Lake Oswego West Linn
$ 169,000 $ 235,000 Oregon City Canby Molalla Beavercreek
Yamhill County
6
$199,500 Cascade Park
$302,500 Heights
$ 238,000 N Portland
$ 194,900 Hillsboro Forest Grove
$270,900
© Copyright RMLS™ 2013. All Rights Reserved.
$ 200,000 Gresham Troutdale Sandy Corbett Fairview
$ 280,000 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp
MULTIPLE LISTING SERVICE
Corporate 8338 NE Alderwood Rd, Suite 230 Portland, OR 97220 (503) 236-7657 Fax: (503) 230-0689
MEDIAN SALE PRICE CONDOS PORTLAND, OR
Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342
Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County PO Box 6307 Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083
Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County.
Portland, Oregon metropolitan area. Median Condo Sale Price
$245,000 $220,000 $195,000 $170,000 $145,000
$120,000
2011
AFFORDABILITY PORTLAND, OR
2012
2013
This graph shows the affordability for housing in Portland, Oregon in December 2012.
Affordability Index 200 180
160 140 120 100 80 60
40 20 0
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
condos sold in the last three calendar years in the
Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12
Salem 4035 12th Street Cutoff SE, Suite 110 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817
This graph represents the median sale price for all
AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland metro area is affordable for a family earning the median income. A family earning the median income ($73,000 in 2012, per HUD) can afford 167% of a monthly mortgage payment on a median priced home ($247,900 in December). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 3.66% (per Freddie Mac).
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Brian Carlson, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor © Copyright RMLS™ 2013. All Rights Reserved.
