September Market Action Report

The numbers are in for September and we are starting to see some improvement from last year. This past month, pending sales were up 34.1% and closed sales rose 9.8%. The one downside is that new listings fell 14.3%.

Compared to August, 2009, pending sales have increased 6% but closed sales have dropped 2.2%.

The average sale price for September 2009 was down 8% compared to September 2008, while the median sale price declined 9.6%.

The Portland Business Journal also commented on the increase we are seeing click HERE to view the article.

Lake Oswego/West Linn still remains high in active listings and has the highest average sale price of $551, 300. This beats West Portland by $88,000!

Click on the image to see the Portland Metro area highlights.

september-market-action-report.jpg

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