Monday June 9, 2014
Your Executive Summary
PORTLAND, OR
Single Family Homes
This Week
The median list price in PORTLAND, OR this week is $369,700.
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Real-Time Market Profile
Trend
Median List Price
$ 369,700
Asking Price Per Square Foot
$ 179
Average Days on Market (DOM)
103
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
6%
Median House Size (sq ft)
2259
Median Lot Size
6,501 - 8,000 sqft
Median Number of Bedrooms
3.0
±+
±+
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
±+
No change
2.0
Seller's Advantage
36.0
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Despite this week's up tic, the market seems to have paused
around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 799,900
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
3794
0.25 - 0.50
acre
4.0
3.0
26
463
69
305
121
$ 459,000
2513
4,501 6,500 sqft
4.0
2.0
48
463
112
465
65
Upper-middle 25% of properties
Lower/Third
$ 297,950
1907
4,501 6,500 sqft
3.0
2.0
57
463
129
462
82
Lower-middle 25% of properties
Bottom/Fourth
$ 198,900
1314
4,501 6,500 sqft
3.0
1.0
61
463
99
432
145
Most expensive 25% of properties
Least expensive 25% of properties
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