A Publication of RMLS

, The Source for Real Estate Statistics in Your Community

Copyright RMLS 2014. All Rights Reserved.
Residential Review: Metro Portland, Oregon April 2014 Reporting Period
April Highlights
Seasonal activity was again
on the upswing this April in the
Portland metro area! Closed sales,
at 2,143, rose 15.4% from Marchs
1,857 and represented a 0.8%
increase over the 2,125 sales closed
in April 2013. Despite the small
increase, it was still the best April
for closed sales in the Portland
metro area since 2007, when there
were 2,594. New listings (3,629)
were up 0.2% compared to last
April, when there were 3,623, and
17.4% compared to the 3,090 new
listings posted in March. Pending
sales (2,825) increased 11.5% from
Marchs 2,534 but dropped 4.0%
from pendings in April 2013 (2,942).
There are currently 6,093 active
residential listings in the Portland
metro area. Total market time in the
region fell again to 77 days in April,
and inventory again decreased to
2.8 months.
Year to Date Summary
Portland has seen slim gains
in 2014 compared to the frst four
months of 2013. Closed sales (7,141)
are up 1.4% and new listings (11,806)
are up 1.1% compared to the frst
four months of 2013. However,
pending sales (8,971) are down 3.7%
in the same comparison.
Average and Median Sale Prices
The average price the frst four
months this year was $325,100, up
10.7% from same time in 2013 when
the average was $293,600. In the
same comparison, the median rose
10.0% from $250,000 in the frst four
months of 2013 to $275,000 in the
same period of 2014.
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
April
3,629 2,825 2,143 332,600 280,000 77
March
3,090 2,534 1,857 328,100 277,500 85
Year-to-date
11,806 8,971 7,141 325,100 275,000 88
April
3,623 2,942 2,125 302,600 257,000 91
Year-to-date
11,678 9,314 7,039 293,600 250,000 107
April
0.2% -4.0% 0.8% 9.9% 8.9% -14.8%
Prev Mo 2014
17.4% 11.5% 15.4% 1.4% 0.9% -9.4%
Year-to-date
1.1% -3.7% 1.4% 10.7% 10.0% -17.6%
2
0
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4
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3
C
h
a
n
g
e
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
June 3.9 2.9
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:
+11.6% ($318,900 v. $285,700)
Median Sale Price % Change:
+13.8% ($273,000 v. $240,000)
For further explanation of this measure, see the
second footnote on page 2.
2
Copyright RMLS

2014. All Rights Reserved.

AREA REPORT 4/2014
Portland Metropolitan Area, Oregon
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares April 2014 with April 2013. The Year-To-
Date section compares 2014 year-to-date statistics through April with 2013 year-to-date statistics through April.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (5/1/13-4/30/14) with 12 months before (5/1/12-4/30/13).
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 201 164 18 130 -4.4% 100 290,500 58 507 424 2.7% 367 275,400 260,000 15.7% 4 220,300 4 188,400 11 421,700
1
4
2
NEPortland 343 329 51 263 -14.6% 194 378,000 46 989 817 -11.0% 676 346,000 285,000 11.1% 12 389,100 14 118,000 24 368,400
1
4
3
SEPortland 544 380 61 323 -3.6% 288 304,000 55 1,344 1,101 3.8% 905 292,800 249,000 15.4% 7 494,700 17 143,500 42 476,400
1
4
4
Gresham/
Troutdale 486 238 50 178 12.7% 137 233,900 113 811 558 9.8% 437 230,200 220,000 13.2% 5 177,400 20 141,400 11 331,200
1
4
5
Milwaukie/
Clackamas 521 296 84 234 -11.7% 176 307,700 80 953 714 -9.2% 530 298,900 275,000 14.8% 2 401,800 38 169,800 6 348,500
1
4
6
OregonCity/
Canby 403 199 57 143 -2.7% 103 278,500 76 648 480 1.3% 385 293,100 279,000 15.3% 1 405,000 25 236,700 4 268,500
1
4
7
LakeOswego/
West Linn 450 211 39 155 -3.1% 108 565,400 86 775 491 -10.1% 379 525,400 440,500 7.9% 1 712,500 13 401,000 1 395,000
1
4
8
WPortland 655 414 78 315 -9.0% 228 473,500 88 1,341 992 -2.8% 796 466,500 379,300 7.6% 2 45,000 25 188,400 13 639,100
1
4
9
NWWashCo. 239 177 24 144 6.7% 120 441,900 87 574 461 -1.3% 382 413,700 378,800 9.7% - - 11 238,900 2 324,300
1
5
0
Beaverton/
Aloha 432 336 49 256 -7.6% 192 274,200 59 1,038 788 -6.9% 615 269,700 245,000 13.7% - - 4 115,200 14 380,000
1
5
1
Tigard/
Wilsonville 522 311 51 254 -3.8% 171 314,400 61 1,013 752 -15.7% 571 323,900 306,000 8.1% 4 781,400 16 276,800 3 594,000
1
5
2
Hillsboro/
Forest Grove 390 247 45 175 -11.2% 164 259,200 81 775 657 -0.8% 544 256,000 234,600 12.7% 6 237,500 23 182,300 6 240,400
1
5
3
Mt. Hood 91 25 6 19 90.0% 12 265,700 147 82 67 45.7% 54 249,900 235,000 16.9% 1 395,000 3 33,500 - -
1
5
5
ColumbiaCo. 264 100 23 92 13.6% 42 204,200 171 309 240 6.2% 166 200,000 188,700 25.9% 6 272,500 14 107,200 3 180,000
1
5
6
Yamhill Co.
552 202 54 144 17.1% 108 233,700 130 647 429 -4.2% 334 252,700 215,500 12.1% 5 232,700 24 157,600 5 302,500
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
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
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
APR MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR
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
$ 210,000
Yamhill County
$ 275,800
N Portland
$ 326,000
NE
Portland
$ 261,000
SE
Portland
$ 228,000
Gresham
Troutdale
Sandy
Corbett
Fairview
$ 203,000
Mt. Hood:
Zigzag
Welches
Rhododendron
Wemme
Brightwood
Government Camp
$ 274,000
Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$ 266,000
Oregon City
Canby
Molalla
Beavercreek
$ 487,500

Lake Oswego
West
Linn
$ 390,500
West
Portland
$ 415,000
North Washington County
Sauvie Island
$ 250,800
Beaverton
Aloha
$ 301,200
Tigard/Tualatin
Sherwood
Wilsonville
$ 232,500
Hillsboro
Forest Grove
$ 207,000
Columbia County
$223,000
Heights
$191,000
Cent. Vancouver
$225,000
Cascade Park
$194,000
5 Corners
Orch.
$223,000
Hazel
Dell
Minnehaha
$232,200
Felida
$295,000
Salmon Creek
$279,700
Camas/Washougal
$325,600
Brush Prairie
Hockinson
$275,000
Ridgefeld/La Center
$213,800
Battle Ground
$268,000
N/NE Clark County
$175,300
Woodland
MEDIAN SALE PRICE
April 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
AFFORDABILITY
PORTLAND, OR
This graph shows the afordability for housing in
Portland, Oregon in March 2014.
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4
Affordability Index
AFFORDABILITY - According to a formula from the National Association of REALTORS

, buying a house in the Portland

metro area is affordable for a family earning the median income. A family earning the median income ($69,400 in 2014,
per HUD) can afford 131% of a monthly mortgage payment on a median priced home ($277,500 in March). The formula
assumes that the buyer has a 20% down payment and a 30 year fxed rate of 4.34% (per Freddie Mac).
This graph shows the number of active and closed
condos in the Portland, Oregon, metropolitan area.
ACTIVE & CLOSED
CONDOS
PORTLAND, OR
0
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300
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Active & Closed Condos
Active Listings Closed Sales