A Publication of RMLS™, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon

February Residential Highlights While there were fewer active and new listings on the market, sales activity in Metro Portland s h owe d a n i mp r ove m e nt i n both pending and closed sales in February 2012. Also notable in February was a decrease in inventory, down from 7.0 last month and the lowest February inventory since 2007.
Closed Sales were up 17.5% in February 2012 compared to February 2011. Pending sales grew 32.5%, and new listings dropped 13.6%. Comparing the previous month of January 2012 with February 2012, closed sales grew from 1,224 to 1,262 (3.1%). Pending sales also i ncreased from 1,823 to 2,109 (15.7%). New listings dropped from 2,613 to 2,492 (-4.6%).

February 2012 Reporting Period
Inventory in Months* 2010 2011 2012 January 12.6 11.3 7.0 February 12.9 10.9 6.5 March 7.8 7.1 April 7.3 7.2 May 7.0 6.8 June 7.3 6.0 July 10.8 7.0 August 11.0 6.2 September 10.5 6.7 October 10.7 6.8 November 10.2 6.2 December 7.9 5.3
*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.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months Average Sale Price % Change: -5.5% ($263,500 v. $278,700) Median Sale Price % Change: -6.4% ($220,000 v. $235,000)

Sale Prices Average sale price for February 2012 r o s e 4. 3% c ompa r e d to February 2011. Median sale price fell 1.3%.
Month to month, comparing January 2012 to February 2012, average sale price went up from $249,100 to $255,100 (2.4%) and the median sale price rose from $207,500 to $211,000 (1.7%).

Year-to-Date Comparing January-February 2012 with the same period in 2011 shows closed sales increased 17.9%. Pending sales were up 26.3%, and new listings decreased by 15%.
A comparison of year-to-date totals between 2012 and 2011 shows average sales price rose 1.8% and median sale price decreased 2.3%.

For further explanation of this measure, see the second footnote on page 2.

Portland Metro Residential Highlights
2012

New Listings

Pending Sales

Closed Sales

Average Sale Price

Median Sale Price

Total Market Time

February Year-to-date February Year-to-date February Year-to-date

2,492 5,146 2,883 6,053 -13.6% -15.0%

2,109 3,819 1,592 3,024 32.5% 26.3%

1,262 2,539 1,074 2,154 17.5% 17.9%

255,100 251,300 244,500 246,800 4.3% 1.8%

211,000 209,900 213,700 214,900 -1.3% -2.3%

138 137 177 168 -22.3% -18.5%

Change

2011

*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.

© Copyright RMLS™ 2012. All Rights Reserved.

AREA REPORT • 2/2012
Portland Metropolitan Area, Oregon
RESIDENTIAL Current Month
Pending Sales 2012 v. 2011
1

COMMERCIAL Year-To-Date
Pending Sales 2012 v. 2011
2

LAND Year-To-Date

MULTIFAMILY Year-To-Date

Year-To-Date

Expired/Canceled Listings

Avg. Sale Price % Change

Pending Sales 2012

Pending Sales 2012

Average Sale Price

3

Average Sale Price

Average Sale Price

Average Sale Price

141

N Portland
142

275

94

50

94

40.3%

59

206,700

93

218

178

34.8%

102

202,100

195,900

-1.8%

1

250,000

2

119,500

6

NE Portland
143

538

220

73

190

24.2%

145

279,600

105

449

361

35.2%

281

273,200

236,000

-5.7%

4

473,100

4

199,300

9

SE Portland
144

783

319

115

252

27.9%

163

198,300

114

619

459

22.7%

336

211,200

169,500

-7.8%

7

235,900

7

94,000

13

Gresham/ Troutdale Milwaukie/ Clackamas Oregon City/ Canby Lake Oswego/ West Linn

563

184

85

134

27.6%

68

188,000

97

366

226

7.1%

145

200,800

173,000

-7.0%

-

-

8

83,000

6

145

755

224

118

188

62.1%

80

240,400

153

463

312

24.8%

193

233,800

206,000

-6.9%

2

84,000

6

90,800

-

Average Sale Price

Total Market Time

Median Sale Price

Active Listings

Closed Sales

Closed Sales

Closed Sales

Closed Sales

Closed Sales

New Listings

New Listings

744,700

334,400

412,600

149,500

-

146

513

136

73

123

26.8%

59

213,700

127

275

210

21.4%

131

221,800

200,000

-5.9%

-

-

8

86,200

1

200,000

147

572

157

56

128

48.8%

62

397,000

152

311

221

30.8%

137

379,400

320,000

0.4%

-

-

4

222,600

1

275,000

148

W Portland
149

884

284

124

218

6.3%

133

395,700

209

565

383

3.5%

263

379,600

293,000

-4.4%

1

651,000

9

180,700

5

389,600

NW Wash Co.
150

372

111

30

111

76.2%

50

365,700

134

245

192

36.2%

100

350,900

316,000

0.3%

1

242,000

6

147,600

-

-

Beaverton/ Aloha Tigard/ Wilsonville Hillsboro/ Forest Grove

619

201

62

172

12.4%

121

204,100

108

446

343

23.8%

237

205,100

180,000

-8.3%

-

-

2

45,000

7

265,400

151

687

207

76

200

73.9%

110

250,100

174

444

345

58.3%

208

255,300

235,000

-8.4%

2

552,500

7

119,800

1

245,000

152

584

157

51

141

18.5%

111

211,100

117

351

302

45.9%

209

198,300

179,000

-7.8%

5

183,900

5

429,000

4

174,300

153

Mt. Hood
155

104

13

6

17

240.0%

10

203,300

159

24

26

85.7%

14

218,900

178,300

-3.7%

-

-

-

-

-

-

Columbia Co.
156

332

52

31

51

34.2%

35

154,900

228

109

101

44.3%

64

148,400

154,500

-11.2%

-

-

1

90,000

-

-

Yamhill Co.

,675

133 ,

47

, 90

23.3%

, 56

243,700 ,

170

,261

,160

6.0%

,119

199,200 ,

167,000 ,

-7.4%

-

-

6

399,300 ,

5

138,200 ,

Note: Data for the North Coastal Counties is now reported in the monthly “North Coastal Counties” Market Action Report. Note: Data for Polk and Marion Counties is now reported in the monthly “Polk & Marion Counties” Market Action Report.

1

Percent change in number of pending sales this year compared to last year. The Current Month section compares February 2012 with February 2011. The Year-To Date section compares year-to-date statistics from February 2012 with year-to-date statistics from February 2011. % Change is based on a comparison of the rolling average sale price for the last 12 months (3/1/11-2/29/12) with 12 months before (3/1/10-2/28/11). 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.

2 3

2
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Active Residential Listings
16000 14000 12000 10000 8000 6000 4000

ACTIVE RESIDENTIAL LISTINGS
PORTLAND, OR

This graph shows the active residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area.

2010

2011

2012

TOTAL ACTIVE LISTINGS
PORTLAND, OR
20,000 17,500 15,000 12,500 10,000 7,500 5,000

Total Active Listings

This graph shows the total active listings over the past three calendar years in the greater Portland, Oregon metropolitan area.

2010

2011

2012

NEW LISTINGS
New Listings
6,000 5,000 4,000 3,000 2,000 1,000 0

PORTLAND, OR

This graph shows the new residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area.

2010

2011

2012

3
© Copyright RMLS™ 2012. All Rights Reserved.

PENDING LISTINGS
Pending Sales
3,500 3,000 2,500

PORTLAND, OR

This graph represents monthly accepted offers in the Portland, Oregon metropolitan area over the past three calendar years.

2,000
1,500 1,000 500 0

2010

2011

2012

CLOSED SALES
PORTLAND, OR

Closed Sales
2,500 2,000 1,500 1,000 500 0

This graph shows the closed sales over the past five calendar years in the greater Portland, Oregon metropolitan area.

2008 2009 2010 2011 2012

Average Market Time
200 180 160 140 120 100 80 60 40 20 0

DAYS ON MARKET
PORTLAND, OR

This graph shows the average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years.
2010 TMT 2011 TMT 2012 TMT

4
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AVERAGE SALE PRICE
PORTLAND, OR

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

Average Sale Price
$375,000 $355,000 $335,000
$315,000

$295,000 $275,000 $255,000
$235,000

$215,000 $195,000
Feb-02 May-02 Aug-02 Nov-02 Feb-03 May-03 Aug-03 Nov-03 Feb-04 May-04 Aug-04 Nov-04 Feb-05 May-05 Aug-05 Nov-05 Feb-06 May-06 Aug-06 Nov-06 Feb-07 May-07 Aug-07 Nov-07 Feb-08 May-08 Aug-08 Nov-08 Feb-09 May-09 Aug-09 Nov-09 Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12

$175,000

Median Sale Price: Portland, OR & Clark Co., WA
240000 220000 200000 180000 160000 140000 120000 100000 FEB MAR APR MAY JUNE JULY AUG SEPT OCT
Clark County Metro Portland, OR

MEDIAN SALE PRICE
PORTLAND, OR

This graph shows the median sale price over the past 12 months in the greater Portland, Oregon, metropolitan area and Clark
NOV DEC JAN FEB

County.

5
© Copyright RMLS™ 2012. All Rights Reserved.

MEDIAN SALE PRICE February 2012

SW WASHINGTON

$176,000 Woodland

$139,900 N/NE Clark County

PORTLAND METRO
$ 162,000 Columbia County

$194,900 $210,000 Ridgefield/La Center Battle Ground

$230,000 Salmon Creek
$242,500 Felida

$193,500 Brush Prairie Hockinson

$ 327,500 North Washington County Sauvie Island

$169,900 Hazel Dell Minnehaha

$135,100
5 Corners Orch.

$120,500 Cent. Vancouver $140,500 Heights

$149,500 Cascade Park $219,500 Camas/Washougal

$ 199,900 N Portland $ 245,000 NE Portland $ 162,500 SE Portland $ 210,300
Milwaukie/Gladstone/ Boring/Clackamas Estacada

$ 184,900 Hillsboro Forest Grove

$ 185,000 Beaverton Aloha

$ 313,000 West Portland

$ 174,000 Gresham Troutdale Sandy Corbett Fairview

$ 229,600 Tigard/Tualatin Sherwood Wilsonville $ 198,200 Yamhill County

$ 352,500

Lake Oswego West Linn $ 200,000 Oregon City Canby Molalla Beavercreek

$ 178,300 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp

6
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MULTIPLE LISTING SERVICE

Corporate 825 NE Multnomah, Suite 270 Portland, OR 97232 (503) 236-7657 Fax: (503) 230-0689 Southwest Washington 1514 Broadway, Suite 101 Vancouver, WA 98663 (360) 696-0718 Fax: (360) 696-9342 Salem 2110 Mission St. SE, Suite 305 Salem, OR 97302 (503) 587-8810 Fax: (503) 585-3817 Lane County: Eugene 2139 Centennial Plaza Eugene, OR 97401 (541) 686-2885 Fax: (541) 484-3854 Lane County: Florence PO Box 414 Florence, OR 97439 (541) 902-2560 Fax: (541) 902-1341 Douglas County 3510 NE Edenbower Roseburg, OR 97470 (541) 673-3571 Fax: (541) 673-6581 Curry County PO Box 6307 Brookings, OR 97415 (541) 469-0219 Fax: (541) 469-9695 Mid-Columbia PO Box 1088 Hood River, OR 97031 (541) 436-2956 Fax: (541) 387-6657 Eastern Oregon PO Box 751 Hermiston, OR 97838 (541) 567-5186 Fax: (541) 289-7320 Coos County 1946 Sherman Ave., Suite 101 North Bend, OR 97459 (541) 751-1070 Fax: (541) 751-1083
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™. Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, MidColumbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County. RMLS™ was formed by area Boards and Associations of REALTORS® in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.

MEDIAN SALE PRICE CONDOS
PORTLAND, OR

This graph represents the median sale price for all condos sold in the last three calendar years in the Portland, Oregon metropolitan area.
Median Condo Sale Price

$245,000
$220,000 $195,000 $170,000 $145,000

$120,000

2010

2011

2012

ACTIVE & CLOSE CONDOS
PORTLAND, OR

This graph shows the number of active and closed condos in the Portland, Oregon, metropolitan area.

Active & Closed Condos
1,600 1,400 1,200 1,000 800 600 400 200 0

Active Listings

Closed Sales

Steve Lucas, Chairman of the Board Kurt von Wasmuth, President/CEO Mary-Frances Makichen, Editor
© Copyright RMLS™ 2012. All Rights Reserved.