The Portland Metro real estate market saw the best November in closed sales since 2006 when 2,163 homes were purchased. This past November, we saw 1,821 closed sales. Year-to-date sales have also risen significantly as 24,872 homes closed so far this year representing a 15.4% increase.
Even though Portland is experiencing a banner year, November sales dropped 16.8% from October as we headed into the holiday season. Active listings also dropped in November to 6,751 while the total market time increased slightly to 80 days. The market time for November was substantially shorter than the total market time of 101 days a year ago.
The average sales price for 2013 is up 13.5% from last year to $310,800 while the midian price increased 13.3% to $265,000 so far this year.
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