Monday June 25, 2012
Ticor Title Market
Report Executive
Summary
PORTLAND, OR
Single Family Homes
This Week
The median list price in PORTLAND, OR this week is $285,250.
The Market Action Index has been basically flat recently, and dayson-market decreasing, there are not strong signals for the direction
of the market.
Real-Time Market Profile
Trend
Median List Price
$ 285,250
Asking Price Per Square Foot
$ 144
Average Days on Market (DOM)
158
Percent of Properties with Price Decrease
35 %
Percent Relisted (reset DOM)
n/a
Percent Flip (price increased)
3%
Median House Size (sq ft)
2144
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
==
==
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Inventory levels have been relatively consistent relative to sales.
Despite the fact that there is a relatively high amount of available
inventory, this Buyer's market is still seeing prices move higher.
Given inventory levels, these price conditions are relatively fragile.
If the market cools off further, the price trend is likely to reverse.
±+
No change
2.0
Buyer's Advantage
23.1
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Prices continue their climb again this week. We're a long way
from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.
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
$ 650,000
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
3534
0.25 - 0.50
acre
4.0
3.0
36
571
41
35
173
Most expensive 25% of properties
$ 369,000
2414
4,501 6,500 sqft
3.0
2.0
51
571
81
61
119
Upper-middle 25% of properties
Lower/Third
$ 229,000
1768
4,501 6,500 sqft
3.0
2.0
56
572
77
73
150
Lower-middle 25% of properties
Bottom/Fourth
$ 135,000
1258
4,501 6,500 sqft
3.0
1.0
57
572
42
54
188
Least expensive 25% of properties
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