January Highlights
A
slight rise in pending sales ushered in the new year this January in the
Portland metro region. At 2,027, pending sales fared 36.6% higher than the
1,484 accepted offers from December and 6.3% better than the 1,906 from January
2013. In fact, it was the best January for new listings since 2007, when there
were 2,544 for the month!
New
Listings (2,583) nearly doubled (93.8%) compared to last month’s 1,333, and
also fared 5.9% better than the 2,438 new listings posted last January. At
1,396, closed sales fell 21.7% compared to December but still ended 3.9% higher
than last January’s 1,244. The number of active residential listings fell to 5,
671 in January – lower than both January 2013 and January 2012. Total market
time increased to 96 days, but is still lower than the last two previous
Januaries. Inventory rose slightly in January to 4.1 months.
Average and Median Sale Prices
Prices
are on the rise. Comparing the average price of sold homes in the twelve month
ending January 31st of this year ($312,000) with the average price
of homes sold in the twelve months ending January 2013 ($277,100) shows an
increase of 12.6%. In the same comparison, the median has increased 13.6% from
$235,000 to $267,000.
No comments:
Post a Comment