Current RMLS Market Action Report - November 2009

November 2009's RMLS Market Action Report is out and marks the highest same month increase of closed sales in the history of RMLS record keeping at 72.4% more sales in November 2009 then in November 2008! Woohoo! Pending sales were up 19.9% and listings dropped (again, that's good!) 7%

The previous record for same month closed sales increase was set in December 1996 at 56.9%.

But of course you also have to look at November 2009 compared to October 2009 and the numbers are not that good, but this is a typical time of slowing in the market anyway, so even though closed sales decreased by 10.7% and pending sales dropped 36.1% drops here at this time of year are normal (though that 36.1% one is rather high, so look for next months closed sales to be low.

Click Image for Report PDF

For area specific depreciation rates look to the table at the bottom of this page.

Year to date closed sales are up 4.1% and pending sales are up 2.6% from last year with listings down 19.9%.

The average sale price for November 2009 is down 11.4% from November 2008 and the median is down 9.8%. Month to month, October 09' to November 09', median sale price is down 2.5% and the average is down 3.6%

The numbers below reflect this last months depreciation rates, items in red show a move in the wrong direction (i.e. depreciating more) Items in black show an improvement.

Area	DR	Area	DR	Area	DR
N Portland	-10.8%	Oregon City / Canby	-10.9%	Tigard / Wilsonville	-10.8%
NE Portland	-10.6%	Lake Oswego / West Linn	-12.9%	Hillsboro / Forest Grove	-13.4%
SE Portland	-12.2%	W Portland	-12.6%	Mt. Hood	-0.2%
Gresham / Troutdale	-15.9%	NW Washington Co	-8.2%
Milwaukie / Clackamas	-11%	Beaverton / Aloha	-11.2%

To download or view the entire report click on the report image or click here - This report includes all RMLS Counties, scroll down to find the Portland Metro report.

2009 RMLS Market Action Report Archives

Older than 2009 Archives