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Weekly Market Summary_Jessica LeDoux 503 310-5816

Weekly Market Summary_Jessica LeDoux 503 310-5816

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Published by: Jessica LeDoux on Jun 04, 2010
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Jody Patton's Executive Summary

Monday May 17, 2010

Single Family Homes

This Week
The median list price in PORTLAND, OR this week is $296,140. Inventory is tightening and days-on-market is falling. But demand as measured by the Market Action Index is also trending down. The market is not giving strong up or down signals from these data.

Real-Time Market Profile Median List Price $ 296,140 Asking Price Per Square Foot $ 157 Average Days on Market (DOM) 131 Percent of Properties with Price Decrease 47 % Percent Relisted (reset DOM) 16 % Percent Flip (price increased) 3% Median House Size (sq ft) 2092 Median Lot Size 4,501 - 6,500 sqft Median Number of Bedrooms 3.0 Median Number of Bathrooms Market Action Index Strong Buyer's 2.0 18.5

Trend == ±+ ≠≠

Supply and Demand
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.



No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

Market Action Index

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.

Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
8,001 10,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

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.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties



Age Inventory New Absorbed DOM

$ 599,900 $ 349,999 $ 249,900 $ 170,950

3236 2278 1735 1231

4.0 3.0 3.0 3.0

3.0 2.0 2.0 1.0

37 55 52 56

930 930 930 930

70 69 51 69

47 51 51 61

146 122 120 134

Jody Patton | Ticor Title | 503.219.2163

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