A Publication of RMLS

, The Source for Real Estate Statistics in Your Community

Copyright RMLS 2014. All Rights Reserved.
Residential Review: Metro Portland, Oregon September 2014 Reporting Period
September Residential Highlights
The Portland metro area saw a
cooler September than last month,
but numbers continue to be strong
for the year overall. Pending sales
(2,551) bested last September (2,219)
by 15.0%, although they are also
5.7% cooler than Augusts 2,704
accepted ofers. It was the strongest
September for pending sales in the
area since 2006, when there were
2,599! Closed sales (2,378) similarly
fared 10.2% beter than the 2,158
closings recorded last September
but cooled 8.0% compared to the
2,586 closings in August. The 3,102
new listings posted in September
represent a 6.1% growth from
September 2013 but a 13.4% decrease
from August.
There are current l y 7, 438
active residential listings in the
Portland metro area. Total market
time decreased by three days in
September to 60 days, and inventory
rose just slightly to 3.1 months.
Year to Date Summary
Activity in the Portland metro
area has now surpassed numbers
from last year. New listings (31,111)
are up 4.2%, pending sales (22,324)
are up 1.7%, and closed sales
(20,652) are up 0.5% compared to
the frst nine months of 2013.
Average and Median Sale Prices
The average price the frst nine
months of the year was $333,000,
up 7.4% from the same time frame
in 2013 when the average was
$310,000. In the same comparison,
the median also rose 7.5% from
$265,000 in the frst nine months of
2013 to $285,000 in the same period
of 2014.
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
September
3,102 2,551 2,378 338,100 289,900 60
August
3,581 2,704 2,586 340,000 295,900 63
Year-to-date
31,111 22,324 20,652 333,000 285,000 70
September
2,925 2,219 2,158 317,300 275,000 72
Year-to-date
29,850 21,961 20,552 310,000 265,000 84
September
6.1% 15.0% 10.2% 6.6% 5.4% -16.6%
Prev Mo 2014
-13.4% -5.7% -8.0% -0.6% -2.0% -5.0%
Year-to-date
4.2% 1.7% 0.5% 7.4% 7.5% -16.1%
2
0
1
4
2
0
1
3
C
h
a
n
g
e
Portland Metro
Residential
Highlights
*Inventory in Months is calculated by dividing
the Active Residential 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.
Inventory in Months*
2012 2013 2014
January 7.0 4.7 4.1
February 6.5 4.5 3.9
March 5.0 3.2 3.1
April 4.7 3.1 2.8
May 4.2 2.5 2.8
June 3.9 2.9 2.8
July 4.6 2.8 2.9
August 3.9 3.1 3.0
September 4.6 3.7 3.1
October 3.8 3.4
November 4.2 3.7
December 3.6 3.2
Percent Change of 12-Month Sale Price
Compared With The Previous 12 Months
Average Sale Price % Change:
+8.1% ($328,300 v. $303,700)
Median Sale Price % Change:
+9.8% ($281,000 v. $256,000)
For further explanation of this measure, see the
second footnote on page 2.
2
Copyright RMLS

2014. All Rights Reserved.

AREA REPORT 9/2014
Portland Metropolitan Area, Oregon
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares September 2014 with September 2013.
The Year-To-Date section compares 2014 year-to-date statistics through September with 2013 year-to-date statistics through September.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (10/1/13-9/30/14) with 12 months before (10/1/12-9/30/13).
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.
A
c
t
i
v
e

L
i
s
t
i
n
g
s
N
e
w

L
i
s
t
i
n
g
s
E
x
p
i
r
e
d
/
C
a
n
c
e
l
e
d

L
i
s
t
i
n
g
s
P
e
n
d
i
n
g

S
a
l
e
s
P
e
n
d
i
n
g

S
a
l
e
s

2
0
1
4

v
.

2
0
1
3
1
C
l
o
s
e
d

S
a
l
e
s
A
v
e
r
a
g
e

S
a
l
e

P
r
i
c
e
T
o
t
a
l

M
a
r
k
e
t

T
i
m
e

3
N
e
w

L
i
s
t
i
n
g
s
P
e
n
d
i
n
g

S
a
l
e
s
P
e
n
d
i
n
g

S
a
l
e
s

2
0
1
4

v
.

2
0
1
3
1
C
l
o
s
e
d

S
a
l
e
s
A
v
e
r
a
g
e

S
a
l
e

P
r
i
c
e
M
e
d
i
a
n

S
a
l
e

P
r
i
c
e
A
v
g
.

S
a
l
e

P
r
i
c
e

%

C
h
a
n
g
e
2
C
l
o
s
e
d

S
a
l
e
s
A
v
e
r
a
g
e

S
a
l
e

P
r
i
c
e
C
l
o
s
e
d

S
a
l
e
s
A
v
e
r
a
g
e

S
a
l
e

P
r
i
c
e
C
l
o
s
e
d

S
a
l
e
s
A
v
e
r
a
g
e

S
a
l
e

P
r
i
c
e
1
4
1
NPortland 238 144 33 120 10.1% 108 284,900 32 1,329 1,045 9.0% 990 289,100 275,000 11.3% 8 412,500 16 222,800 30 420,500
1
4
2
NEPortland 547 340 90 262 12.9% 256 347,400 39 2,863 2,122 -5.4% 1,962 347,600 305,000 7.8% 23 407,400 38 124,200 59 391,300
1
4
3
SEPortland 752 424 130 338 25.2% 306 319,100 44 3,653 2,699 5.1% 2,490 303,100 259,900 13.9% 26 409,200 46 146,300 109 478,200
1
4
4
Gresham/
Troutdale 543 175 78 138 5.3% 154 247,600 85 1,974 1,372 11.3% 1,272 243,400 229,300 11.2% 7 296,600 44 154,400 31 289,900
1
4
5
Milwaukie/
Clackamas 633 257 97 195 14.0% 198 319,200 53 2,602 1,806 1.7% 1,631 308,700 287,000 11.5% 5 339,700 90 162,900 15 328,600
1
4
6
OregonCity/
Canby 442 133 61 127 21.0% 139 303,500 64 1,645 1,214 6.5% 1,126 297,600 279,000 11.8% 6 274,800 78 185,600 12 239,800
1
4
7
LakeOswego/
West Linn 501 177 68 130 18.2% 140 536,600 100 1,903 1,214 -3.1% 1,144 530,100 460,000 6.8% 2 564,300 40 353,100 8 412,400
1
4
8
WPortland 795 322 129 250 -11.3% 235 490,300 74 3,467 2,377 -5.9% 2,256 470,900 390,000 7.7% 7 283,000 68 224,100 36 575,800
1
4
9
NWWashCo. 287 125 56 109 16.0% 93 432,600 53 1,474 1,092 -0.5% 1,059 420,400 395,000 6.2% - - 36 225,600 5 334,900
1
5
0
Beaverton/
Aloha 550 297 81 252 37.7% 214 273,000 51 2,822 2,066 6.8% 1,914 274,700 253,000 8.0% 3 220,700 10 158,600 32 346,900
1
5
1
Tigard/
Wilsonville 612 263 89 248 29.8% 196 351,700 60 2,711 1,976 -4.1% 1,771 334,800 319,900 6.0% 6 713,800 30 382,000 8 415,400
1
5
2
Hillsboro/
Forest Grove 473 186 51 194 17.6% 144 276,100 59 2,036 1,563 -0.4% 1,412 272,200 250,000 11.4% 14 261,600 41 190,300 26 376,400
1
5
3
Mt. Hood 106 23 12 20 5.3% 24 207,300 119 218 153 26.4% 145 241,300 219,500 5.8% 2 216,500 11 60,000 - -
1
5
5
ColumbiaCo. 353 90 40 55 -15.4% 57 220,700 69 831 541 9.3% 487 211,500 201,500 14.5% 10 243,000 41 89,600 9 169,900
1
5
6
Yamhill Co.
606 146 53 113 22.8% 114 245,600 78 1,583 1,084 9.8% 993 252,900 220,000 2.4% 7 304,800 71 215,600 16 262,500
Year-To-Date
COMMERCIAL LAND MULTIFAMILY RESIDENTIAL
Year-To-Date Year-To-Date Current Month Year-To-Date
3
Copyright RMLS

2014. All Rights Reserved.

NEW LISTINGS
PORTLAND, OR
This graph shows the
new residential listings
over the past three
calendar years in the
greater Portland, Oregon
metropolitan area.
TOTAL ACTIVE
LISTINGS
PORTLAND, OR
This graph shows the
total active listings over
the past three calendar
years in the greater
Portland, Oregon
metropolitan area.
ACTIVE
RESIDENTIAL
LISTINGS
PORTLAND, OR
This graph shows the active
residential listings over the
past three calendar years in
the greater Portland,
Oregon metropolitan area.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
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 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707
2014 5,671 5,752 5,811 6,093 6,858 7,250 7,727 7,784 7,438
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Active Residential Listings
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
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 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511
2014 7,606 7,731 7,702 8,066 8,928 9,290 9,829 9,872 9,483
5,000
7,500
10,000
12,500
Total Active Listings
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
New Listings
2012 2013 2014
Copyright RMLS

2014. All Rights Reserved.

4
This graph represents
monthly accepted ofers
in the Portland, Oregon
metropolitan area over
the past three calendar
years.
PENDING LISTINGS
PORTLAND, OR
This graph shows the
closed sales over the past
fve calendar years in the
greater Portland, Oregon
metropolitan area.
CLOSED SALES
PORTLAND, OR
This graph shows the
average market time for
sales in the Portland,
Oregon metropolitan area
over the past three calendar
years.
DAYS ON MARKET
PORTLAND, OR
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Pending Sales
2012 2013 2014
0
500
1,000
1,500
2,000
2,500
3,000
Closed Sales
2010
2011
2012
2013
2014
0
20
40
60
80
100
120
140
160
Average Total Market Time
2012 TMT 2013 TMT 2014 TMT
Copyright RMLS

2014. All Rights Reserved.

5
This graph represents the average and median sale price for all homes sold in
the Portland, Oregon metropolitan area.
SALE PRICE
PORTLAND, OR
$175,000
$195,000
$215,000
$235,000
$255,000
$275,000
$295,000
$315,000
$335,000
$355,000
$375,000
S
e
p
-
0
5
D
e
c
-
0
5
M
a
r
-
0
6
J
u
n
-
0
6
S
e
p
-
0
6
D
e
c
-
0
6
M
a
r
-
0
7
J
u
n
-
0
7
S
e
p
-
0
7
D
e
c
-
0
7
M
a
r
-
0
8
J
u
n
-
0
8
S
e
p
-
0
8
D
e
c
-
0
8
M
a
r
-
0
9
J
u
n
-
0
9
S
e
p
-
0
9
D
e
c
-
0
9
M
a
r
-
1
0
J
u
n
-
1
0
S
e
p
-
1
0
D
e
c
-
1
0
M
a
r
-
1
1
J
u
n
-
1
1
S
e
p
-
1
1
D
e
c
-
1
1
M
a
r
-
1
2
J
u
n
-
1
2
S
e
p
-
1
2
D
e
c
-
1
2
M
a
r
-
1
3
J
u
n
-
1
3
S
e
p
-
1
3
D
e
c
-
1
3
M
a
r
-
1
4
J
u
n
-
1
4
S
e
p
-
1
4
Average and Median Sale Price
Average Sale Price Median Sale Price
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT
Median Sale Price: Portland, OR & Clark Co., WA
Clark County Metro Portland, OR
This graph shows the
median sale price over
the past 12 months in
the greater Portland,
Oregon, metropolitan
area and Clark
County.
MEDIAN SALE
PRICE
PORTLAND, OR
$ 210,500
Yamhill County
$ 278,600
N Portland
$ 303,000
NE
Portland
$ 280,000
SE
Portland
$ 235,000
Gresham
Troutdale
Sandy
Corbett
Fairview
$ 185,900
Mt. Hood:
Zigzag
Welches
Rhododendron
Wemme
Brightwood
Government Camp
$ 304,700
Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$ 265,500
Oregon City
Canby
Molalla
Beavercreek
$ 485,000

Lake Oswego
West
Linn
$ 432,000
West
Portland
$ 393,500
North Washington County
Sauvie Island
$ 254,100
Beaverton
Aloha
$ 330,500
Tigard/Tualatin
Sherwood
Wilsonville
$ 259,500
Hillsboro
Forest Grove
$ 207,000
Columbia County
$205,000
Heights
$178,000
Cent. Vancouver
$220,000
Cascade Park
$212,000
5 Corners
Orch.
$228,000
Hazel
Dell
Minnehaha
$275,000
Felida
$300,700
Salmon Creek
$340,000
Camas/Washougal
$321,300
Brush Prairie
Hockinson
$306,800
Ridgefeld/La Center
$237,500
Battle Ground
$254,000
N/NE Clark County
$237,500
Woodland
MEDIAN SALE PRICE
September 2014
PORTLAND
METRO
6
Copyright RMLS

2014. All Rights Reserved.

SW
WASHINGTON
MULTIPLE LISTING SERVICE
Brian Houston, Chairman of the Board
Kurt von Wasmuth, President/CEO
Heather Andrews, Editor
Copyright RMLS

2014. All Rights Reserved.

This graph represents the median sale price for all
condos sold in the last three calendar years in the
Portland, Oregon metropolitan area.
MEDIAN SALE
PRICE CONDOS
PORTLAND, OR
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
Median Condo Sale Price
2012 2013 2014
This graph shows the number of active and closed
condos in the Portland, Oregon, metropolitan area.
ACTIVE & CLOSED
CONDOS
PORTLAND, OR
0
100
200
300
400
500
600
700
800
Active & Closed Condos
Active Listings Closed Sales
The statistics presented
in Market Action are
compiled monthly based
on fgures generated by
RMLS

.
Market Action Reports
are compiled for the
following areas: Portland
metropolitan area,
Southwest Washington,
Mid-Columbia, Columbia
Basin, Baker County, Coos
County, Curry County,
Douglas County, Grant
County, Josephine County,
Lane County, North
Coastal Counties, Polk &
Marion Counties, Union
County, and Wallowa
County.
RMLS

was formed by area

Boards and Associations of
REALTORS

in 1991.
E-mail subscriptions are
available for $45 per year
by contacting RMLS

.
Reproduction of any
portion of this copyrighted
material is prohibited
without prior approval of
RMLS

.
Contact RMLS
8338 NE Alderwood Rd
Suite 230
Portland, OR 97220
(503) 236-7657
[email protected]