Post by Ross Seligman at Living Room Realty in Portland
To see original post visit Living Room Realty blog: www.livingroomre.com
September 2016 is a Seller’s market*
Home For Sale in September 2016: 1824 units.
•Up 2.2% compared to the last month
•Up 15.8% compared to the last year
Home Closed in September 2016: 904 units.
•Down 15.8% compared to the last month
•Down 15% compared to the last year
Home Placed under Contract in September 2016: 985 units.
•Down 11.6% compared to the last month
•Down 6.6% compared to the last year
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
September 2016 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in September 2016: $233
•Down 0.9% compared to the last month
•Up 13.1% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
September 2016 Average Days on Market trend Remains Steady*
Average Days on Market in September 2016: 23
•Down 4.2% compared to the last month
•Down 20.7% compared to the last year
September 2016 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in September 2016: 99%
•Down 1% compared to the last month
•Down 1% compared to the last year
*Based on 6 month trend – Rising/Falling/Remains Steady
September 2016 Average For Sale Price is Neutral*
Average For Sale Price (in thousand) in September 2016: $579
•Up 1% compared to the last month
•Up 8.2% compared to the last year
September 2016 Average Sold Price is Depreciating*
Average Sold Price (in thousand) in September 2016: $429
•Down 3.6% compared to the last month
•Up 11.7% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
September 2016 is a Seller’s market*
Months of Inventory based on Closed Sales in September 2016: 2
•Up 18.1% compared to the last month
•Up 33.8% compared to the last year
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales