Monday April 26, 2010

Jody Patton's Executive PORTLAND, OR

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 285,000 ±+
Asking Price Per Square Foot $ 156 ≠≠
The median list price in PORTLAND, OR this week is $285,000. Average Days on Market (DOM) 146 ≠≠
Percent of Properties with Price Decrease 44 %
Percent Relisted (reset DOM) 16 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 3%
seem to have strong up or down pull. Median House Size (sq ft) 2038
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 18.8 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.

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 $ 589,900 3157 10,000 sqft 4.0 3.0 39 1023 86 76 167 Most expensive 25% of properties

4,501 -
Upper/Second $ 339,900 2243 6,500 sqft 3.0 2.0 54 1023 82 69 135 Upper-middle 25% of properties

4,501 -
Lower/Third $ 245,000 1701 6,500 sqft 3.0 2.0 50 1024 90 82 138 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 175,000 1225 6,500 sqft 3.0 1.0 56 1024 105 102 143 Least expensive 25% of properties

Jody Patton | Ticor Title | 503.219.2163

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