Agent Profile
I am a top ranked agent serving the Portland area for over 20 years specializing in residential real estate sales and investments. I created this site as a real estate resource for buyers and sellers who want to be well informed about current inventory and pricing. If you are interested in actively tracking the market, please sign up to receive my daily listing email. We map every new listing each day then update the neighborhood maps. The map is emailed to you...simply click a neighborhood to see the listed properties for sale, complete with pictures, price and address. Agency Info
RE/MAX Equity Group
4800 Meadows Road, Suite 100
Lake Oswego, OR 97035
October Market Action Report Continues to Show Promise
The October Market Action Report is in and the numbers continue to show positive numbers.
Overall inventory on the market was at its lowest point since August of 2007 (the month of the national sub-prime mortgage meltdown). Sales activity continued its upward pace compared to last October. Pending sales were up 64% compared to October of 2008 and closed sales rose 37.1%. New listings were down 4.5%
The 64% jump in pending sales is the largest same-month increase since February of 1996. The 2,009 closed sales this October was the highest total, also since August 2007 and its 37.1% same-month increase is the largest since January of 2005.
Compared to September 2009, closed sales increased 11.6% (2,009 vs 1,800), but pending sales dropped 9.1% (2,079 vs 2,286).
Click on the image to view the full report
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