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A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
Residential Review: Metro Portland, Oregon April 2011 Reporting Period
April Residential Highlights Sale Prices
Inventory in Months*
While sales activity was down Average sale price for April 2009 2010 2011
in April 2011 compared with April 2011 declined 5.2% compared to January 19.2 12.6 11.3
2010, average and median sale April 2010. Median sale price also February 16.6 12.9 10.9
prices increased compared with fell 8.4%. See residential highlights March 12.0 7.8 7.1
the previous month of March 2011. table below. April 11.0 7.3 6.6
Additionally, inventory was 0.7 May 10.2 7.0
Month to month, comparing June 8.2 7.3
months lower than April 2010, March 2011 to April 2011, sale July 7.3 10.8
reaching the lowest inventory level prices increased. Average sale price August 7.8 11.0
for the area since October 2009. went up from $261,100 to $267,300 September 7.6 10.5
Closed sales were down 17% in (2.4%) while median sale price also October 6.5 10.7
April 2011 compared to April 2010. increased from $215,000 to $219,900 November 7.1 10.2
Pending sales were down 33%, and (2.3%). December 7.7 7.9
*Inventory in Months is calculated by dividing
new listings dropped 34.2%. See Year-to-Date the Active Listings at the end of the month in
residential highlights table below. Comparing January-April 2010 question by the number of closed sales for
with the same period in 2011, sales that month.
Comparing March 2011 with
April 2011, closed sales dipped from activity was down. Closed sales
1,615 to 1,611 (-0.3%). Pending sales decreased by 6.6% (5,900 v. 5,513). Percent Change of 12-Month Sale Price
Compared With The Previous 12 Months
also decreased from 2,014 to 2,005 Pending sales went down by 19.7%
(-0.5%). New listings went up from (8,476 v. 6,806), and new listings fell Average Sale Price % Change:
3,056 to 3,099 (1.4%). 30.9% (17,918 v. 12,378). -3.7% ($275,300 v. $285,900)
Median Sale Price % Change:
At the month’s rate of sales, the Additionally, the average sale -3.7% ($233,100 v. $242,000)
10,593 active residential listings price fell 8.1% ($279,700 v. $257,000), For further explanation of this measure, see
would last about 6.6 months. and the median sale price dropped the second footnote on page 2.
10.4% ($239,900 v. $215,000).

Portland Metro
Residential Total
New Pending Closed Average Median Market
Highlights Listings Sales Sales Sale Price Sale Price Time

April 3,099 2,005 1,611 267,300 219,900 153

2011

Year-to-date 12,378 6,806 5,513 257,000 215,000 161

April 4,713 2,991 1,941 282,100 240,000 127
2010

Year-to-date 17,918 8,476 5,900 279,700 239,900 138

April
Change

-34.2% -33.0% -17.0% -5.2% -8.4% 20.7%

Year-to-date -30.9% -19.7% -6.6% -8.1% -10.4% 16.5%
*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.

© Copyright RMLS™ 2011. All Rights Reserved.

 AREa REPORT • 4/2011
Metro Portland & Adjacent Regions, Oregon
RESIDENTIAL COMMERCIAL LAND MULTIFAMILY

Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date

Pending Sales 2011 v.

Pending Sales 2011 v.

Pending Sales 2011

Pending Sales 2011

3
Average Sale Price

Average Sale Price

Average Sale Price

Average Sale Price

Average Sale Price

Total Market Time

Median Sale Price

Expired/Canceled

Avg. Sale Price %

Active Listings

Closed Sales

Closed Sales

Closed Sales

Closed Sales

Closed Sales
New Listings

New Listings

Change2
Listings

20101

2010
141

N Portland 398 135 71 73 -41.6% 67 216,000 143 484 272 -29.2% 256 207,700 195,600 -5.6% 3 327,200 8 94,400 6 216,100
142

NE Portland 885 302 134 196 -38.0% 152 276,300 160 1,154 655 -26.2% 532 266,900 218,500 -0.3% 7 395,400 10 157,400 22 407,200
143

SE Portland 1,201 363 154 271 -33.4% 196 211,000 129 1,491 842 -28.2% 672 206,200 170,900 -4.0% 12 258,400 12 143,100 25 375,500

Gresham/
144

Troutdale 787 177 117 127 -36.8% 114 175,500 127 830 460 -19.3% 394 198,200 172,500 -5.9% 3 361,700 24 64,300 11 186,000
145

Milwaukie/
Clackamas 950 239 114 157 -29.6% 102 242,400 179 1,002 527 -16.6% 426 240,000 219,800 -7.6% 1 516,600 18 153,200 4 215,900

Oregon City/
146

Canby 691 159 86 107 -23.6% 93 233,400 183 654 375 -11.3% 292 218,500 205,100 -10.6% 1 70,000 12 175,600 3 170,300

Lake Oswego/
147

West Linn 801 211 91 110 -35.7% 89 431,500 198 816 386 -10.9% 309 399,400 350,000 -12.7% - - 2 332,500 1 399,000
148

W Portland 297 368 145 259 -17.0% 207 412,800 156 1,446 833 -2.6% 662 388,100 332,800 -1.5% 1 315,000 22 90,400 6 484,000
149

NW Wash Co. 475 143 48 107 -18.9% 86 381,900 123 570 340 -15.4% 282 342,900 308,900 -1.8% 2 430,800 14 196,100 1 260,000

Beaverton/
150

Aloha 978 278 111 160 -46.1% 153 212,800 151 1,046 612 -26.3% 503 205,300 188,000 -6.2% 2 256,500 4 251,100 5 288,000

Tigard/
151

Wilsonville 1,023 270 124 168 -35.6% 137 268,300 167 1,059 545 -20.9% 423 274,400 253,000 -5.5% 2 39,400 14 291,700 9 206,400

Hillsboro/
152

Forest Grove 748 184 47 136 -33.0% 102 200,900 125 808 473 -21.6% 376 199,600 184,500 -11.0% 7 234,000 7 108,700 14 270,200
153

Mt. Hood 151 25 11 8 -46.7% 5 222,500 106 94 27 -28.9% 24 200,300 202,500 -15.4% - - 2 76,000 - -
155

Columbia Co. 432 73 40 47 -26.6% 40 157,700 184 336 162 -10.5% 133 162,300 150,000 -10.3% 2 100,300 9 123,500 2 140,800
156

Yamhill Co.
Grand Total 776
##### 172
#### 88
#### 79 -36.3%
#### 3.9% 68
#### 183,000
267,300 155
153 588 6,806
##### 297 -21.2%
-70.6% 229
5,513 178,800
257,000 165,000
215,000 -6.2%
-3.7% 452 355,800 14
## 223,400
151,700 1145 203,400
307,100
180-195

North Coastal
200

Counties 1,533 219 100 53 -24.3% 62 249,800 127 806 250 -12.9% 235 248,800 204,000 -8.5% 4 513,500 26 91,000 4 142,800

Note: Data for Polk and Marion Counties is now reported in the monthly “Polk & Marion Counties” Market Action Report.

1
Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2011 with April 2010. The Year-To-Date
section compares year-to-date statistics from April 2011 with year-to-date statistics from April 2010.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/10-4/30/11) with 12 months before (5/1/09-4/30/10).
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.

2
© Copyright RMLS™ 2011. All Rights Reserved.
 ACTIVE
Active Residential Listings
RESIDENTIAL
16000 LISTINGS
14000 Portland, OR

12000 This graph shows the active

10000 residential listings over the
8000
past three calendar years in
6000
the greater Portland, Or-
4000
egon metropolitan area.

2009 2010 2011

TOTAL ACTIVE
Total Active Listings
LISTINGS
PORTLAND, OR 20000

17500
This graph shows the
15000
total active listings over
12500
the past three calendar
10000
years in the greater 7500
Portland, Oregon 5000

metropolitan area.

2009 2010 2011

NEW LISTINGS
New Listings
PORTLAND, OR
6,000 This graph shows the
5,000
new residential listings
4,000
over the past three
3,000

2,000
calendar years in the
1,000 greater Portland, Oregon
0 metropolitan area.

2009 2010 2011

3
© Copyright RMLS™ 2011. All Rights Reserved.
 PENDING LISTINGS
Pending Sales PORTLAND, OR

3,500
This graph represents
3,000 monthly accepted offers
2,500
in the Portland, Oregon
2,000
1,500 metropolitan area over
1,000 the past three calendar
500
years.
0

2009 2010 2011

CLOSED SALES
PORTLAND, OR Closed Sales
This graph shows the 3,000

closed sales over the past 2,500

five calendar years in the 2,000

2007
greater Portland, Oregon 1,500 2008

metropolitan area. 1,000 2009

2010
500
2011
0

Average Market Time DAYS ON MARKET

PORTLAND, OR
200
180
This graph shows the
160
140 average market time for
120
100 sales in the Portland,
80
60 Oregon metropolitan area
40
20 over the past three calendar
0
years.

2009 TMT 2010 TMT 2011 TMT

4
© Copyright RMLS™ 2011. All Rights Reserved.
AVERAGE SALE This graph represents the average sale price for all homes sold in the Portland,
PRICE Oregon metropolitan area.
PORTLAND, OR

Average Sale Price

$400,000

$350,000

$300,000

$250,000

$200,000

$150,000

$100,000
Oct-01

Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09

Oct-10
Apr-01

Apr-02

Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09

Apr-10

Apr-11
MEDIAN SALE
Median Sale Price: Portland, OR & Clark Co., WA PRICE
260000 PORTLAND, OR

240000
220000 This graph shows the
200000
median sale price over
180000
the past 12 months in
160000
the greater Portland,
140000
120000 Oregon, metropolitan
100000 area and Clark
APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR
County.
Clark County Metro Portland, OR

5
© Copyright RMLS™ 2011. All Rights Reserved.
Median sale price
April 2011 SW
Washington

$147,500 $220,000

Woodland N/NE Clark County

$201,500
Portland $228,000 Battle Ground
Ridgefield/La Center

Metro $ 139,000
Columbia County
$225,000 $262,500
Salmon Creek Brush Prairie
$214,500 Hockinson
Felida
$173,000
$308,500 Hazel $145,500
5 Corners
Dell
Orch.
North Washington County Minnehaha
$120,200 $175,000
Sauvie Island
Cent. Vancouver Cascade Park
$190,000
Heights
$205,000
$260,000
N Portland
Camas/Washougal
$210,800
NE
$190,500 Portland
$345,000
Hillsboro West $166,200
$175,500 Gresham
Forest Grove Portland
$191,500 SE Troutdale
Portland Sandy
Beaverton
Corbett
Aloha $210,800 Fairview $210,000
Milwaukie/Gladstone/
Mt. Hood:
Boring/Clackamas
Zigzag
Estacada
$255,000 $382,500 Welches
Rhododendron
Tigard/Tualatin
Wemme
Sherwood Lake Oswego Brightwood
Wilsonville West Government Camp
Linn
$170,000
Yamhill County $214,000
Oregon City
Canby
Molalla
Beavercreek

6
© Copyright RMLS™ 2011. All Rights Reserved.
 MULTIPLE LISTING SERVICE

MEDIAN SALE This graph represents the median sale price for all
Corporate
825 NE Multnomah, Suite 270 PRICE CONDOS condos sold in the last three calendar years in the
Portland, OR 97232
(503) 236-7657 PORTLAND, OR
Fax: (503) 230-0689 Portland, Oregon metropolitan area.
Southwest Washington
1514 Broadway, Suite 101
Vancouver, WA 98663 Median Condo Sale Price
(360) 696-0718
Fax: (360) 696-9342
Salem $245,000
2110 Mission St. SE, Suite 305
Salem, OR 97302 $220,000
(503) 587-8810
Fax: (503) 585-3817 $195,000
Lane County: Eugene
2139 Centennial Plaza $170,000
Eugene, OR 97401
(541) 686-2885 $145,000
Fax: (541) 484-3854
Lane County: Florence $120,000
PO Box 414
Florence, OR 97439
(541) 902-2560
Fax: (541) 902-1341
Douglas County 2009 2010 2011
3510 NE Edenbower
Roseburg, OR 97470
(541) 673-3571
Fax: (541) 673-6581
Curry County
PO Box 6307
Brookings, OR 97415 AFFORDABILITY This graph shows affordability for housing in the
(541) 469-0219
Fax: (541) 469-9695 PORTLAND, OR Portland, Oregon metropolitan area in March 2011.
Mid-Columbia
PO Box 1088
Hood River, OR 97031 Affordability Index
(541) 436-2956
Fax: (541) 387-6657 180
Eastern Oregon 160
PO Box 751 140
Hermiston, OR 97838
(541) 567-5186 120
Fax: (541) 289-7320 100
Coos County 80
1946 Sherman Ave., Suite 101
North Bend, OR 97459 60
(541) 751-1070 40
Fax: (541) 751-1083
20
0
The statistics presented in Market
Mar-04
Jun-04

Mar-05
Jun-05

Mar-06
Jun-06

Mar-07
Jun-07

Mar-08
Jun-08

Mar-09
Jun-09

Mar-10
Jun-10

Mar-11
Sep-03
Dec-03

Sep-04
Dec-04

Sep-05
Dec-05

Sep-06
Dec-06

Sep-07
Dec-07

Sep-08
Dec-08

Sep-09
Dec-09

Sep-10
Dec-10

Action are compiled monthly based on

figures 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 AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland
County, Grant County, Lane County, Polk metro area is affordable for a family earning the median income. A family earning the median income ($71,200 in 2010,
& Marion Counties, Union County, and per HUD) can afford 164% of a monthly mortgage payment on a median priced home ($215,000 in March). The formula
Wallowa County. assumes that the buyer has a 20% down payment and a 30 year fixed rate of 4.84% (per Freddie Mac).
RMLS™ was formed by area Boards and
Associations of REALTORS® in 1991.
Cory Neu, Chairman of the Board
E-mail subscriptions are available for
$45 per year by contacting RMLS™, (503) Kurt von Wasmuth, President/CEO
236-7657. Reproduction of any portion of Kelsey Brunson, Editor
this copyrighted material is prohibited
without prior approval of RMLS™.
Danny Gottleib, Assistant Editor

© Copyright RMLS™ 2011. All Rights Reserved.