Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. They have been featured on HGTV's "House Hunters" 3 Episodes & "My House is Worth What?" 4 Episodes.
Agent Profile
Portland Oregon Market Report
October Residential Highlights
Sales activity in the Portland metro area continued an upward trend compared to same-month sales from a year ago. Pending sales were up 64% compared to October 2008 and closed sales rose 37.1%. New listings dropped 4.5%. The 64% jump in pending sales is the largest same-month increase since February 1996. The 2,009 closed sales this October was the highest total since August 2007 and its 37.1% same-month increase is the largest since January 2005. Compared to September 2009, closed sales increased 11.6% (2,009 v. 1,800), but pending sales dropped 9.1% (2,079 v. 2,286). New listings also fell 4.3% (3,443 v. 3,599). At the month’s rate of sales, it would take approximately 6.5 months to sell the 13,101 active residential listings. This is the lowest mark for inventory since August 2007.
Year-to-Date
Comparing January-October 2009 with the same period in 2008, pending sales are up 1.8%. Closed sales are behind last year’s total by 8.8%. New listings are down 20.5%.
Sale Prices
The average sale price for October 2009 was down 12.6% compared to October 2008, while the median sale price declined 10.9%. Month-to-month, the average and median sale price were mixed when compared with September levels; the average sale price was down
2.3% ($283,500 v. $290,100) and the median sale price increased 1.5% ($245,000 v. $241,400).
Comments
Leave a Reply
Recent Blog PostsOne of America’s Best Pancakes
Wednesday, August 25th, 2010
I have been driving by this place for YEARS and have not got around to trying it. I have always wanted to because the line to get in is so long, but have not because the line to get in is so long. One of these days I’m going to get up [...] Plastic Bag Resolution
Wednesday, August 4th, 2010
Portland, Oregon city council is demanding a ban on single-use plastic bags at the grocery store. So much so that they passed a city resolution Wednesday stating that Portland will ban plastic bags sometime in the future if state lawmakers fail to pass a statewide ban next year.
A city resolution [...] Top 10 Cities for Young Adults
Thursday, July 29th, 2010
Portland, Oregon has 2,241,841 residents and 21.9% of those are from Generation Y. Some of the top employers include Intel, Fred Meyer Stores, Oregon Health & Science University, Providence Health Systems, Kaiser Foundation Health Plan of the NW, city government and Legacy Health System. These are just some of the reasons that Portland, [...] Lower Rate of Childhood Obesity
Wednesday, July 21st, 2010
From 2003 to 2007 Oregon has come up as having the lowest rate of childhood obesity of any other state in the country. Unfortunately ALL states need to do something about it’s overweight children. Some will have more trouble than others because of factors like poverty and race have complicated [...]Market Report Portland Oregon
Friday, July 16th, 2010
June Residential Highlights While inventory continued to stay low in the Portland Metro area, sales activity saw both increases and declines. When comparing June 2010 with June 2009, closed sales increased 13.3%. Pending sales and new listings fell 25.2% and 4.9%, respectively. Comparing June 2010 with the previous month, May 2010, closed sales dropped 1.9% (2,012 v. [...]