Monday May 3, 2010

Jody Patton's Executive PORTLAND, OR

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 289,950 ==
Asking Price Per Square Foot $ 157 ±+
The median list price in PORTLAND, OR this week is $289,950. Average Days on Market (DOM) 148 ≠≠
Percent of Properties with Price Decrease 45 %
Percent Relisted (reset DOM) 16 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 3%
signs for prices. Median House Size (sq ft) 2064
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 18.7 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

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 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
8,001 -
Top/First $ 599,700 3204 10,000 sqft 4.0 3.0 38 942 78 94 170 Most expensive 25% of properties

4,501 -
Upper/Second $ 349,000 2256 6,500 sqft 3.0 2.0 55 942 72 154 137 Upper-middle 25% of properties

4,501 -
Lower/Third $ 249,900 1718 6,500 sqft 3.0 2.0 53 942 73 223 137 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 174,000 1234 6,500 sqft 3.0 1.0 56 943 92 176 149 Least expensive 25% of properties

Jody Patton | Ticor Title | 503.219.2163

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