Today the latest numbers on the Portland Oregon real estate market came out from the RMLS. As always with the market these days, there is both good and bad news. To get it out of the way, the bad news is that sales in January 2009 were down 32.5% from January 2008. On to the good news! Pending sales in January 2009 were up 52.5% from December 2008, and new listings increased 123.2%! As for sale prices, the average sale price in Multnomah County dropped just 1% for this January compared to the beginning of 2008. That is an incredibly small decrease compared to other local counties that had drops of up to 9% from 2008 to 2009.
Some numbers that I always think are interesting are the January median sales prices by Portland Metro region.
North Portland: $232,300
NE Portland: $261,900
SE Portland: $206,500
West Portland: $347,300
Milwaukie, Gladstone, Boring, Clackamas, Estacada: $263,000
Lake Oswego/ West Linn: $429,500
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