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* Du to possbl rportg cosstcs, Avrag Markt Tm should b usd to aalyz trds oly.

A Publication o RMLS

™

, The Source or Real Estate Statistics in Your Community

Residential Market Highlights

TABLE OF CONTENTS

Portland Metro Area .....................1-3Portland Metro/Clark County ......4-5Clark County, WA ........................6-7Lane County, OR ..........................8-9Douglas & Coos Co., OR ...........10-11

ReSiDenTiAL ReVieW:

Mtro Portlad, Orgo

Dcmbr 2005 Rportg Prod

December Residential Highlights

While 2005 saw an overall in-crease in market activity the lastmonth o the year saw a decreaseacross the board. Accepted oersdropped 9.5%, new listings ell 5.7%and closed sales decreased 1.3%.(See table below.)At the end o December therewere 5,387 active residential listingsin the Portland metro area. Giventhe month’s rate o sales, the wouldlast 2.1 months (see table to right).

Fourth Quarter Report

The last quarter o 2005 in thePortland metro area, when com-pared to the same quarter in 2004saw some growth, with 7.9% newlistings (9,357 v. 8,671) and 4.4%more closed sales (8,381 v. 8,028).Accepted oers in the Portlandmetro area, however, decreased aslight 1.6% (7,217 v. 7,333).

Avragnw Pdg Closd Avrag Mda MarktLstgs Sals Sals Sal Prc Sal Prc Tm*

Dcmbr 2,169 1,822 2,536 296,700 252,900 41Yar-to-Dat 48,520 37,991 37,403 282,900 237,500 43

Metro Portland,Oregon

Dcmbr 2,300 2,014 2,568 254,900 210,000 59Yar-to-Dat 45,807 34,313 33,075 246,000 204,500 56

2 0 0 4 2 0 0 5

(Active Listings / Closed Sales)

Inventory in Months

2003 2004 2005January 5.8 6.1 3.4February 5.5 4.8 3.0March 4.3 3.4 1.8April 4.1 3.0 1.8May 3.8 2.8 1.6June 3.6 2.4 1.5July 3.6 2.5 1.7August 3.3 2.7 1.6September 3.4 2.8 1.9October 3.5 2.7 2.2November 4.2 2.9 2.2December 3.7 2.4 2.1

A Summary of 2005

Year’s end saw an increase inoverall market activity with 13.1%more closed sales, a 10.7% increasein accepted oers and a 5.9% greaternumber o new listings when com-pared with 2004. Further, we hada record breaking total volume inreal estate sales o $10.6 billion.Compared with 2004’s $8.1 billionthat is an increase o 30.9%. The15% increase in average sale price($282,900 v. $246,000) and the 15%appreciation o median sale price($237,500 v. $204,500) may also ac-count or the increase.

Condo Appreciation Rates

Average Change romSale Price Prior Year

2005 $

233,800 27.2%

2004 $

183,

800 16%

2003 $

158,500 -6.5%

2002 $

169,600

N/A

North Portland Gresham/ Troutdale West Portland Beaverton/Aloha Columbia County Yamhill County Milwaukie/ Clackamas Oregon City/ Canby Lake Oswego/West Linn Northwest Washington County Tigard/Wilsonville Hillsboro/ Forest Grove Mt. Hood: Govt.Camp/Wemme

1 4 1 1 4 2 1 4 3 1 4 4 1 4 5 1 4 6 1 4 7 1 4 8 1 4 9 1 5 0 1 5 1 1 5 2 1 5 3 1 5 5 1 5 6

Du to possbl rportg cosstcs, Avrag Markt Tm should b usd to aalyz trds oly.

Prct chag  umbr of pdg sals ths yar compard to last yar. Th Currt Moth scto compars Dcmbr 2005 wth Dcmbr 2004.Th Yar-To-Dat scto compars yar-to-dat statstcs from Dcmbr 2005 wth yar-to-dat statstcs from Dcmbr 2004.

Apprcato prcts basd o a comparso of avrag prc for th last 12 moths (1/1/05-12/31/05) wth 12 moths bfor (1/1/04-12/31/04).

Du to a rct cras  mmbrshp, ad subsqutly lstgs,  th Columba Gorg aras, comparabl data for ths aras s o logr accurat.W wll xpad our covrag of ths aras  ths wslttr as soo as possbl.

AREA REPORT • 12/2005

Metro Portland & Adjacent Regions,

228,700 278,100 243,100 238,800 300,100 319,300 480,600 430,700 361,000 269,700 352,400 258,300 291,500 211,100 263,900 78 159 279 165 104 89 96 174 73 178 138 133 19 42 95 96 203 370 99 43 52 9 72 219132 130 120 64 380,300 344,100 360,500 276,200 316,200 305,000 452,300 676,600 350,100 325,900 423,300 278,700 545,000 177,100 272,900 120,100 150,800 153,600 186,900 365,600 206,100 332,300 229,400 323,500 377,700 448,900 278,900 89,400 97,100 213,300 18.1% 15.8% 14.6% 12.9% 16.8% 18.9% 13.6% 14.5% 14.5% 13.6% 24.8% 17.0% 32.5% 15.3% 12.1% 99 251351216 177 126 94 238 93 257 194 206 3193 110 34 51146 133 249 107 52 116 56 68 53 64 49 135 177 205 438 666 379 495 271348 593 194 448 453 30159 192 345 197,000 231,000 200,000 214,500 255,000 255,000 370,700 339,000 334,600 220,000 290,000 223,500 222,400 183,700 192,000 214149 22 24 18 3 28 9 15 15 28 5 16 28 1,559 3,7315,047 2,957 2,624 1,726 1,905 3,538 1,589 3,992 3,356 2,788 268 1,168 1,743 6.1% 3.2% 18.4% 20.1% 9.2% 6.7% 2.2% 7.2% 7.8% 13.1% 10.8% 10.1% -23.2% 17.4% 23.6% 1,553 3,783 4,963 2,879 2,557 1,713 1,884 3,467 1,558 3,945 3,200 2,749 330 1,1411,681208,800 262,300 230,900 230,000 293,200 282,400 452,600 410,700 369,400 246,500 328,500 243,500 231,400 199,200 223,600

Market Action

-9.3% -14.1% -3.5% 14.6% -22.4% -1.1% 12.9% -16.7% -19.8% -23.3% -6.8% -12.5% -32.1% -22.2% 9.2% 33 28 36 44 44 43 55 40 35 33 42 42 58 42 76 2,104 4,958 6,882 3,566 3,547 2,239 2,608 4,657 1,973 4,718 4,118 3,252 365 1,393 2,140 87 177 279 68 98 67 89 145 35 114 11176 17 32 73

RESIDENTIAL Current Month Year-To-Date Year-To-Date Year-To-Date Year-To-Date COMMERCIAL MULTIFAMILY

LAND

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2005. All Rghts Rsrvd.

1 7 0 , 1 7 2 , 2 1 0

1 8 0 - 2 0 0

Marion/ Polk Counties Columbia Gorge North Coastal Counties

1 0 0 - 1 1 0 , 1 1 1 - 1 1 7 ,

224,700 277,700 235,900 92 23 53 36 29 27 436,900 285,600 180,600 125,400 121,000 96,900 448,100 324,300 312,400 16.5% 13.7% N/A 90 47 54 119 332 531388 223 309 108 50 61177,000 225,000 175,000 18 1138 1,330 714 1,110 30.3% -1.8% N/A 1,228 713 1,092 203,100 279,100 204,900 33.3% -39.5% N/A 62 102 48

Northeast Portland Southeast Portland

49 74 52 1,840 1,036 1,464 107 211312 141192 100 118 177 79 201164 154 12 77 124 366,300 354,200 348,600 451,600 296,400 287,200 866,500 407,300 407,100 289,000 373,800 313,000 240,700 265,200 317,400

A c t i v e L i s t i n g s N e w L i s t i n g s P e n d i n g S a l e s C l o s e d S a l e s E x p i r e d / C a n c e l e d L i s t i n g s P e n d i n g S a l e s 2 0 0 5 v . 2 0 0 4

A v e r a g e S a l e P r i c e A v e r a g e M a r k e t T i m e

N e w L i s t i n g s P e n d i n g S a l e s P e n d i n g S a l e s 2 0 0 5 v . 2 0 0 4

C l o s e d S a l e s A v e r a g e S a l e P r i c e M e d i a n S a l e P r i c e

A p p r e c i a t i o n

C l o s e d S a l e s A v e r a g e S a l e P r i c e C l o s e d S a l e s A v e r a g e S a l e P r i c e A v e r a g e S a l e P r i c e C l o s e d S a l e s

400050006000700080009000100001100012000130001400015000160001700018000Previous Year Residential (6,086)Current Year Residential (5,387)Current Year Total (6,648)DECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEBJAN

3035404550556065707580859095100

Current YearPrevious Year

DECNOVOCTSEPTAUGJULYJUNEMAYAPRMARFEBJAN

AVERAGE SALE PRICEMetro Portland, OregonDAYS ON MARKETMetro Portland, Oregon

This graph represents the average sale price for all homes sold in the Portland, Oregonmetropolitan area.

ACTIVE LISTINGSMetro Portland, OregonPENDING SALESMetro Portland, Oregon

This graph represents monthly accepted offers inthe Portland, Oregon metropolitan area over the past two years.

This graph shows average days on market for salesin the Portland, Oregon metropolitan area. (See footnote on page 1.)

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2005. All Rghts Rsrvd.

This graph shows the active listings offeredthrough RMLS

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