Current Market Action Report - Courtesy of RMLS - September 2009

September 2009's RMLS Market Action Report is out and the numbers are showing marked improvement that's actually unexpected this time of year; that is the inventory levels went down from August to September and usually they go up. We're seeing this in our business as well, homes are moving and we are busier now than we've ever been with over a dozen homes currently in escrow.

Pending sales rose 34.1% and closed sales were up 9.8% from September 2008 and month to month, that is August to September 2009 we also saw increases of pending sales up 6% but closed sales were the only down number here, 2.2% off from August. New listings also fell both in 08-09 comparisons by 14.3% and month to month by 4.8%.

Click Image for Report PDF

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

For the 3rd quarter comparisons we are up with pending sales by 17.5% and closed sales are up 6.5% which has closed sales reaching the highest mark since Q3 of 2007 (great sign!). The average sale price dropped 8% from last year and median was down 9.6%.

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. Areas that were showing an improvement last month seem to have slipped this month and vice versa.

Area	DR	Area	DR	Area	DR
N Portland	-11%	Oregon City / Canby	-11.3%	Tigard / Wilsonville	-10%
NE Portland	-10.1%	Lake Oswego / West Linn	-13.3%	Hillsboro / Forest Grove	-13.2%
SE Portland	-10.6%	W Portland	-11.3%	Mt. Hood	-4.4%
Gresham / Troutdale	-14.3%	NW Washington Co	-6.1%
Milwaukie / Clackamas	-9.8%	Beaverton / Aloha	-9.7%

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

2008 Archive

2007 Archive