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A Publication of RMLS 
™ 
, The Source for Real Estate Statistics in Your Community 
 © Copyright RMLS™ 2009. All Rights Reserved.
Residential Review: Metro Portland, Oregon November 2009 Reporting Period
November Residential Highlights
In the Portland metro area thisNovember, sales activity increasedcompared to the same month in2008.Closed sales were up 72.4%compared to November 2008 andpending sales rose 19.9%. Newlistings dropped 7%.The 72.4% same-month increasein closed sales is the largestpercentage increase on record orthe area. The previous high was56.9% in December 1996.On the other hand, compared toOctober 2009, closed sales decreased10.7% (1,795 v. 2,009) and pendingsales dropped 36.1% (1,328 v. 2,079).New listings also ell 27.4% (2,449v. 3,443).At the month’s rate o sales,it would take approximately 7.1months to sell the 12,697 activeresidential listings.
Year-to-Date
Comparing January-November2009 with the same period in2008, pending sales were up 2.6%.Closed sales were behind lastyear’s total by 4.1%. New listingsdecreased 19.9%. See residentialhighlights table below.
Sale Prices
The average sale price orNovember 2009 was down 11.4%compared to November 2008, whilethe median sale price declined9.8%. See residential highlightstable below.Month-to-month, the averageand median sale price were downwhen compared with Octoberlevels; the average sale pricewas down 3.6% ($273,300 v.$283,500) and the median saleprice decreased 2.5% ($239,000 v.$245,000).
NewListingsPendingSalesClosedSalesAverageSale PriceMedianSale PriceTotalMarketTime
November 
2,499 1,328 1,795 273,300 239,000 131
 Year-to-date
42,104 18,919 17,349 289,800 247,500 141
November 
2,687 1,108 1,041 308,300 265,000 135
 Year-to-date
52,546 18,446 18,084 332,000 280,000 122
November 
-7.0% 19.9% 72.4% -11.4% -9.8% -2.7%
 Year-to-date
-19.9% 2.6% -4.1% -12.7% -11.6% 15.9%
       2       0       0       9       2       0       0       8       C       h     a     n     g     e
Portland MetroResidentialHighlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
Inventory in Months*2007 2008 2009January
6.2 12.8 19.2
February
5.2 10.4 16.6
March
3.8 9.1 12
April
4.4 10.3 11
May
4.5 9.2 10.2
June
5 9.5 8.2
July
5.7 10 7.3
August
6.2 9.9 7.8
September 
8.6 10.4 7.6
October 
8.4 11.1 6.5
November 
8.3 15 7.1
December 
8.5 14.1
Percent Change of 12-Month Sale PriceCompared With The Previous 12 MonthsAverage Sale Price % Change:
-12.9% ($290,300 v. $333,300)
Median Sale Price % Change:
-11.1% ($248,000 v. $279,000)
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a propertyis re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market. 
For further explanation of this measure, see the second footnote on page 2.
 
2
 © Copyright RMLS
™
2009. All Rights Reserved.
AREA REPORT • 11/2009
Metro Portland & Adjacent Regions, Oregon
   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
        3
   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   9   P   e   n   d   i   n   g    S   a   l   e   s   2   0   0   9   v .   2   0   0   8
        1
    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   T   o   t   a   l   M   a   r   k   e   t   T   i   m   e
        4
   N   e   w   L   i   s   t   i   n   g   s   P   e   n   d   i   n   g    S   a   l   e   s   2   0   0   9   P   e   n   d   i   n   g    S   a   l   e   s   2   0   0   9   v .   2   0   0   8    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   v   g .    S   a   l   e   P   r   i   c   e    %     C   h   a   n   g   e
        2
    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    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   1   4   1
N Portland
4431377346-22.0%77241,100801,899924-2.0%858235,600230,000-10.8%4194,20014112,50022258,700 
   1   4   2
NE Portland
9542291421225.2%204271,3001024,0011,9583.1%1,833286,600253,000-10.6%25312,50030145,30046375,400 
   1   4   3
SE Porltand
1,29731823118919.6%259227,4001065,3312,6815.4%2,471241,500215,000-12.2%23348,80052118,30095397,600 
   1   4   4
Gresham/Troutdale
8991701568128.6%104217,6001402,8261,2308.8%1,112221,700210,000-15.9%9492,5002893,60013286,300 
   1   4   5
Milwaukie/Clackamas
90519514011119.4%119277,8001573,0171,4135.4%1,283286,000260,000-11.0%9413,30034161,1007252,100 
   1   4   6
Oregon City/Canby
7301371247631.0%96281,0001532,22690011.0%803281,900248,900-10.9%5261,00043205,20011220,300 
   1   4   7
Lake Oswego/West Linn
9121471557556.3%74419,3001682,64591810.9%827481,700391,500-12.9%4296,80026263,8002523,000 
   1   4   8
W Portland
1,63025123515622.8%175382,4001674,9681,890-10.5%1,710422,700347,100-12.6%4461,50040167,50014471,500 
   1   4   9
NW Wash Co.
538109725552.8%91359,1001261,739847-6.4%808370,800350,000-8.2%--18213,9006260,600 
   1   5   0
Beaverton/Aloha
9632191611216.1%201242,5001033,8051,9248.8%1,785241,200224,000-11.2%6233,70016132,50014399,600 
   1   5   1
Tigard/Wilsonville
1,04717512411733.0%140301,7001563,6001,5250.5%1,399316,300285,000-10.8%262,50035216,5006715,600 
   1   5   2
Hillsboro/Forest Grove
8651911188119.1%131221,9001432,7321,3447.2%1,233244,200225,000-13.4%10280,0003295,30017248,800 
   1   5   3
Mt. Hood
13914161455.6%14192,400131312105-3.7%91252,600220,0000.2%--447,700-- 
   1   5   5
Columbia Co.
48478573020.0%48191,9001801,0504520.4%408196,000187,000-12.7%7422,10034129,7006216,400 
   1   5   6
Yamhill Co.
8911291065417.4%62201,2001381,953808-2.9%728228,400207,700-15.1%9404,60035293,80018231,700 
   1   6   8  -   1   7   8
Marion/PolkCounties
1,098107113533.9%95192,0001352,3418996.9%799205,100185,000-13.6%7404,90022178,10010260,200 
   1   8   0  -   1   9   5
North CoastalCounties
1,3731082005531.0%56263,5001262,3936786.1%595295,100245,000-16.4%6307,00081127,00051,282,000 
Year-To-DateCOMMERCIAL LAND MULTIFAMILYRESIDENTIALYear-To-Date Year-To-DateCurrent Month Year-To-Date
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares November 2009 with November 2008. The Year-To-Date section compares year-to-date statistics from November 2009 with year-to-date statistics from November 2008.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (12/1/08-11/30/09) with 12 months before (12/1/07-11/30/08).
3
As of October 2007, the way that New Listing data is generated has changed to ensure accuracy.
4
Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,Total Market Time continues to accrue; however, it does not include the time that it was off the market.
 
3
 © Copyright RMLS
™
2009. All Rights Reserved.
400060008000100001200014000160001800020000
Active Residential Listings
2007 2008 2009
5000750010000125001500017500200002250025000
Total Active Listings
Total Active Listings 2007 Total Active Listings 2008 Total Active Listings 2009
01,0002,0003,0004,0005,0006,0007,000
New Listings
2007 2008 2009
NEW LISTINGS
PORTLAND, OR
This graph shows thenew residential listingsover the past threecalendar years in the greater Portland, Oregonmetropolitan area.
TOTAL ACTIVELISTINGS
PORTLAND, OR
This graph shows thetotal active listings overthe past three calendar years in the greaterPortland, Oregonmetropolitan area.
ACTIVERESIDENTIALLISTINGS
PORTLAND, OR
This graph shows the activeresidential listings over the past three calendar yearsin the greater Portland,Oregon metropolitan area.
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