A Publication of RMLS

, The Source for Real Estate Statistics in Your Community

Copyright RMLS 2014. All Rights Reserved.
Residential Review: Metro Portland, Oregon June 2014 Reporting Period
June Highlights
Closed sales enjoyed a solid
month this June in the Portland
metro area! The 2,617 closings
showed a 4.2% increase over the
2,511 closings from last June. In
fact, this was the strongest June for
closed sales in the region since 2007
when there were 2,731! Pending
sales, at 2,965, rose 5.7% compared
to last Junes 2,804, but fell slightly
(-0.8%) compared to the 2,989
offers accepted just last month.
New listings (4,078) were 8.7%
stronger than June 2013 (3,751) but
fell 2.7% from Mays 4,192.
There are currently 7,250 active
residential listings in the Portland
metro area. Total market time fell
again in June to 59 days. Inventory
remained stable for the third
consecutive month, and sits at 2.8
months.
Year to Date Summary
Portland numbers are very
similar this year compared to last.
New listings (20,248) are up 4.4%
compared to the frst half of 2013.
Pending sales (14,705) and closed
sales (12,518) are down 0.9% and
0.1% in the same comparison.
Average and Median Sale Prices
The average price the frst half
of the year was $328,900, up 8.7%
from the same time frame in 2013
when the average was $302,700. In
the same comparison, the median
also rose 8.7% from $257,500 in the
frst half of 2013 to $280,000 in the
same period of 2014.
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
June
4,078 2,965 2,617 334,800 290,000 59
May
4,192 2,989 2,483 335,300 290,000 67
Year-to-date
20,248 14,705 12,518 328,900 280,000 77
June
3,751 2,804 2,511 313,900 272,000 70
Year-to-date
19,403 14,835 12,531 302,700 257,500 94
June
8.7% 5.7% 4.2% 6.7% 6.6% -16.7%
Prev Mo 2014
-2.7% -0.8% 5.4% -0.1% 0.0% -11.9%
Year-to-date
4.4% -0.9% -0.1% 8.7% 8.7% -17.9%
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C
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Portland Metro
Residential
Highlights
*Inventory in Months is calculated by dividing
the Active Residential Listings at the end of the
month in question by the number of closed sales
for that month. This includes proposed and under
construction homes.
Inventory in Months*
2012 2013 2014
January 7.0 4.7 4.1
February 6.5 4.5 3.9
March 5.0 3.2 3.1
April 4.7 3.1 2.8
May 4.2 2.5 2.8
June 3.9 2.9 2.8
July 4.6 2.8
August 3.9 3.1
September 4.6 3.7
October 3.8 3.4
November 4.2 3.7
December 3.6 3.2
Percent Change of 12-Month Sale Price
Compared With The Previous 12 Months
Average Sale Price % Change:
+10.2% ($322,600 v. $292,800)
Median Sale Price % Change:
+11.3% ($276,000 v. $248,000)
For further explanation of this measure, see the
second footnote on page 2.
2
Copyright RMLS

2014. All Rights Reserved.

AREA REPORT 6/2014
Portland Metropolitan Area, Oregon
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares June 2014 with June 2013. The Year-To-
Date section compares 2014 year-to-date statistics through June with 2013 year-to-date statistics through June.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (7/1/13-6/30/14) with 12 months before (7/1/12-6/30/13).
3
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.
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1
NPortland 223 176 38 130 1.6% 132 293,900 36 856 686 5.5% 630 284,800 267,300 13.4% 5 196,200 11 245,500 19 411,600
1
4
2
NEPortland 481 378 73 254 -16.2% 246 357,100 45 1,757 1,331 -12.8% 1,167 350,300 304,200 11.5% 16 350,200 24 123,000 36 380,600
1
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3
SEPortland 654 481 84 340 0.6% 298 306,300 46 2,283 1,770 3.0% 1,535 297,300 252,500 14.6% 14 456,300 28 144,500 71 451,700
1
4
4
Gresham/
Troutdale 540 255 52 175 19.0% 169 249,700 80 1,315 912 11.2% 780 237,400 227,000 12.6% 5 177,400 33 141,800 20 309,900
1
4
5
Milwaukie/
Clackamas 620 362 66 256 9.9% 198 309,200 53 1,692 1,188 -2.4% 969 301,700 283,700 12.5% 3 341,200 64 159,600 9 344,900
1
4
6
OregonCity/
Canby 493 226 37 177 36.2% 138 298,100 71 1,121 794 2.7% 663 294,000 279,000 13.8% 3 246,300 44 194,400 7 266,200
1
4
7
LakeOswego/
West Linn 539 252 83 162 6.6% 156 527,300 74 1,297 809 -8.3% 687 525,900 459,000 8.7% 2 564,300 19 397,000 5 410,100
1
4
8
WPortland 792 456 119 290 -6.8% 299 467,900 58 2,298 1,599 -3.3% 1,403 466,300 385,000 6.1% 5 358,000 48 224,200 17 607,500
1
4
9
NWWashCo. 292 197 40 169 13.4% 122 415,800 45 1,004 754 -0.1% 654 413,800 385,000 9.4% - - 18 275,800 3 341,500
1
5
0
Beaverton/
Aloha 530 363 77 275 8.7% 260 275,000 46 1,806 1,330 -0.4% 1,143 272,900 250,000 12.8% 2 281,500 5 142,200 19 369,000
1
5
1
Tigard/
Wilsonville 596 354 68 284 9.7% 232 331,100 53 1,751 1,296 -6.5% 1,039 328,800 311,000 6.4% 4 781,400 23 303,000 5 478,000
1
5
2
Hillsboro/
Forest Grove 457 264 52 196 -6.2% 155 277,200 53 1,317 1,038 -1.2% 870 261,200 240,000 10.9% 10 257,200 31 189,100 15 456,900
1
5
3
Mt. Hood 101 28 11 17 -22.7% 20 241,200 204 140 101 38.4% 95 253,300 232,600 20.3% 2 216,500 5 43,000 - -
1
5
5
ColumbiaCo. 331 99 17 75 50.0% 71 202,700 103 531 371 11.7% 292 201,800 193,800 22.1% 9 260,000 28 96,800 4 205,000
1
5
6
Yamhill Co.
601 187 64 165 37.5% 121 251,400 98 1,080 726 9.8% 591 254,200 221,700 11.2% 7 304,800 48 206,700 7 313,600
Year-To-Date
COMMERCIAL LAND MULTIFAMILY RESIDENTIAL
Year-To-Date Year-To-Date Current Month Year-To-Date
3
Copyright RMLS

2014. All Rights Reserved.

NEW LISTINGS
PORTLAND, OR
This graph shows the
new residential listings
over the past three
calendar years in the
greater Portland, Oregon
metropolitan area.
TOTAL ACTIVE
LISTINGS
PORTLAND, OR
This graph shows the
total active listings over
the past three calendar
years in the greater
Portland, Oregon
metropolitan area.
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.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2012 8,514 8,256 8,391 8,523 8,742 8,799 9,041 9,014 8,689 7,981 7,216 6,352
2013 6,366 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5,707
2014 5,671 5,752 5,811 6,093 6,858 7,250
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Active Residential Listings
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
2012 11,175 10,939 10,957 11,146 11,465 11,448 11,709 11,629 11,263 10,542 9,659 8,374
2013 8,519 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7,511
2014 7,606 7,731 7,702 8,066 8,928 9,290
5,000
7,500
10,000
12,500
Total Active Listings
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
New Listings
2012 2013 2014
Copyright RMLS

2014. All Rights Reserved.

4
This graph represents
monthly accepted ofers
in the Portland, Oregon
metropolitan area over
the past three calendar
years.
PENDING LISTINGS
PORTLAND, OR
This graph shows the
closed sales over the past
fve calendar years in the
greater Portland, Oregon
metropolitan area.
CLOSED SALES
PORTLAND, OR
This graph shows the
average market time for
sales in the Portland,
Oregon metropolitan area
over the past three calendar
years.
DAYS ON MARKET
PORTLAND, OR
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Pending Sales
2012 2013 2014
0
500
1,000
1,500
2,000
2,500
3,000
Closed Sales
2010
2011
2012
2013
2014
0
20
40
60
80
100
120
140
160
Average Total Market Time
2012 TMT 2013 TMT 2014 TMT
Copyright RMLS

2014. All Rights Reserved.

5
This graph represents the average and median sale price for all homes sold in
the Portland, Oregon metropolitan area.
SALE PRICE
PORTLAND, OR
$175,000
$195,000
$215,000
$235,000
$255,000
$275,000
$295,000
$315,000
$335,000
$355,000
$375,000
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Average and Median Sale Price
Average Sale Price Median Sale Price
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUNE
Median Sale Price: Portland, OR & Clark Co., WA
Clark County Metro Portland, OR
This graph shows the
median sale price over
the past 12 months in
the greater Portland,
Oregon, metropolitan
area and Clark
County.
MEDIAN SALE
PRICE
PORTLAND, OR
$ 235,000
Yamhill County
$ 269,500
N Portland
$ 327,500
NE
Portland
$ 256,900
SE
Portland
$ 235,000
Gresham
Troutdale
Sandy
Corbett
Fairview
$ 221,800
Mt. Hood:
Zigzag
Welches
Rhododendron
Wemme
Brightwood
Government Camp
$ 290,000
Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$ 280,900
Oregon City
Canby
Molalla
Beavercreek
$ 469,000

Lake Oswego
West
Linn
$ 399,900
West
Portland
$ 405,800
North Washington County
Sauvie Island
$ 253,000
Beaverton
Aloha
$ 325,800
Tigard/Tualatin
Sherwood
Wilsonville
$ 265,000
Hillsboro
Forest Grove
$ 189,500
Columbia County
$221,300
Heights
$155,000
Cent. Vancouver
$231,600
Cascade Park
$210,500
5 Corners
Orch.
$227,000
Hazel
Dell
Minnehaha
$252,000
Felida
$305,000
Salmon Creek
$315,000
Camas/Washougal
$288,800
Brush Prairie
Hockinson
$314,700
Ridgefeld/La Center
$241,500
Battle Ground
$227,000
N/NE Clark County
$189,000
Woodland
MEDIAN SALE PRICE
June 2014
PORTLAND
METRO
6
Copyright RMLS

2014. All Rights Reserved.

SW
WASHINGTON
MULTIPLE LISTING SERVICE
The statistics presented in Market
Action are compiled monthly based on
fgures generated by RMLS

.
Market Action Reports are compiled for
the following areas: Portland metropolitan
area, Southwest Washington, Mid-
Columbia, 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

.
Brian Houston, Chairman of the Board
Kurt von Wasmuth, President/CEO
Heather Andrews, Editor
Copyright RMLS

2014. All Rights Reserved.

Lane County: Florence
PO Box 414
Florence, OR 97439
(541) 902-2560
Fax: (541) 902-1341
Curry County
16289 Hwy 101 S, Suite E
Brookings, OR 97415
(541) 469-0219
Fax: (541) 469-9695
Lane County: Eugene
2139 Centennial Plaza
Eugene, OR 97401
(541) 686-2885
Fax: (541) 484-3854
Southwest Washington
1514 Broadway, Suite 101
Vancouver, WA 98663
(360) 696-0718
Fax: (360) 696-9342
Douglas County
3510 NE Edenbower
Roseburg, OR 97470
(541) 673-3571
Fax: (541) 673-6581
Corporate
8338 NE Alderwood Rd, Suite 230
Portland, OR 97220
(503) 236-7657
Fax: (503) 230-0689
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
Salem
4035 12th Street Cutoff SE, Suite 110
Salem, OR 97302
(503) 587-8810
Fax: (503) 585-3817
This graph represents the median sale price for all
condos sold in the last three calendar years in the
Portland, Oregon metropolitan area.
MEDIAN SALE
PRICE CONDOS
PORTLAND, OR
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
Median Condo Sale Price
2012 2013 2014
This graph shows the number of active and closed
condos in the Portland, Oregon, metropolitan area.
ACTIVE & CLOSED
CONDOS
PORTLAND, OR
0
100
200
300
400
500
600
700
800
Active & Closed Condos
Active Listings Closed Sales