A Publication of RMLS

, The Source for Real Estate Statistics in Your Community

Copyright RMLS 2014. All Rights Reserved.
Residential Review: Metro Portland, Oregon May 2014 Reporting Period
May Highlights
Real estate activity in the
Portland metro area continues to
see seasonal gains. New listings
(4,192) are up 15.5% over Aprils
3,629 and up 9.4% compared to
the 3,833 new listings posted last
May. It was the strongest May for
new listings since 2008, when there
were 5,182. The 2,989 pending
sales were a 5.8% increase over
last month, but just a 0.4% increase
over the same month last year. May
had 2,483 closed sales, up 15.9%
over Aprils 2,143 closings, but
down 7.4% from the 2,682 closings
posted in May 2013.
There are currently 6,858 active
residential listings in the Portland
metro area. Total market time
continued falling in May, and
currently sits at 67 days. Inventory
stayed stable at 2.8 months.
Year to Date Summary
Portlands real estate market has
seen only slight cooling compared
to 2013. New listings (16,077) are
up 3.2% compared to the frst fve
months of 2013. Pending sales
(11,852) and closed sales (9,772) are
down 2.7% and 0.9% in the same
comparison.
Average and Median Sale Prices
The average price the frst fve
months this year was $327,200, up
9.1% from same time in 2013 when
the average was $299,900. In the
same comparison, the median rose
10.1% from $253,000 in the frst fve
months of 2013 to $278,500 in the
same period of 2014.
New
Listings
Pending
Sales
Closed
Sales
Average
Sale Price
Median
Sale Price
Total
Market
Time
May
4,192 2,989 2,483 335,300 290,000 67
April
3,629 2,825 2,143 332,600 280,000 77
Year-to-date
16,077 11,852 9,772 327,200 278,500 82
May
3,833 2,978 2,682 316,900 269,500 85
Year-to-date
15,581 12,187 9,857 299,900 253,000 100
May
9.4% 0.4% -7.4% 5.8% 7.6% -21.0%
Prev Mo 2014
15.5% 5.8% 15.9% 0.8% 3.6% -13.0%
Year-to-date
3.2% -2.7% -0.9% 9.1% 10.1% -18.1%
2
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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
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:
+10.6% ($320,400 v. $289,800)
Median Sale Price % Change:
+12.2% ($275,000 v. $245,000)
For further explanation of this measure, see the
second footnote on page 2.
2
Copyright RMLS

2014. All Rights Reserved.

AREA REPORT 5/2014
Portland Metropolitan Area, Oregon
1
Percent change in number of pending sales this year compared to last year. The Current Month section compares May 2014 with May 2013. The Year-To-
Date section compares 2014 year-to-date statistics through May with 2013 year-to-date statistics through May.
2
% Change is based on a comparison of the rolling average sale price for the last 12 months (6/1/13-5/31/14) with 12 months before (6/1/12-5/31/13).
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
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1
NPortland 206 167 33 146 18.7% 114 304,200 52 677 561 6.7% 484 282,200 265,800 15.1% 4 220,300 8 163,900 13 408,400
1
4
2
NEPortland 418 376 44 273 -16.0% 220 360,600 56 1,372 1,082 -12.7% 909 348,800 299,000 11.7% 14 375,900 23 125,300 28 364,500
1
4
3
SEPortland 592 443 63 349 -2.2% 300 307,000 45 1,792 1,438 2.3% 1,217 295,300 250,000 14.5% 12 474,800 22 148,200 55 471,900
1
4
4
Gresham/
Troutdale 503 238 49 204 12.1% 151 247,500 104 1,053 750 9.8% 602 234,000 224,300 10.9% 5 177,400 27 130,100 15 330,400
1
4
5
Milwaukie/
Clackamas 589 353 70 239 1.3% 219 301,500 52 1,318 946 -5.9% 763 299,500 280,000 12.9% 2 401,800 55 161,700 7 357,400
1
4
6
OregonCity/
Canby 464 243 39 163 -15.1% 129 295,500 84 894 634 -3.8% 521 293,100 278,000 14.4% 2 225,000 33 215,000 6 279,300
1
4
7
LakeOswego/
West Linn 515 256 51 161 -14.4% 139 532,100 74 1,037 650 -11.3% 524 526,100 455,600 7.2% 1 712,500 16 370,800 3 428,700
1
4
8
WPortland 737 475 81 328 -2.7% 276 463,500 57 1,830 1,307 -3.6% 1,091 465,000 379,800 6.1% 3 130,000 34 189,500 15 644,200
1
4
9
NWWashCo. 302 220 41 128 -7.9% 133 399,000 53 797 585 -3.8% 523 411,600 379,000 8.0% - - 13 284,500 3 341,500
1
5
0
Beaverton/
Aloha 491 398 53 285 10.9% 235 284,800 46 1,440 1,064 -2.5% 876 272,600 250,000 13.7% 2 281,500 4 115,200 15 374,200
1
5
1
Tigard/
Wilsonville 584 369 59 282 13.3% 212 342,000 72 1,390 1,027 -9.4% 795 327,900 309,000 8.4% 4 781,400 18 303,800 4 502,800
1
5
2
Hillsboro/
Forest Grove 428 264 37 199 -1.0% 151 263,600 73 1,047 853 0.0% 706 257,700 235,000 10.9% 7 273,300 29 181,200 12 487,800
1
5
3
Mt. Hood 97 31 6 18 100.0% 21 273,700 141 112 84 61.5% 75 256,600 237,500 23.1% 1 395,000 3 33,500 - -
1
5
5
ColumbiaCo. 316 121 13 68 0.0% 52 206,900 125 430 303 4.1% 220 201,700 197,000 23.1% 7 297,900 20 108,400 3 180,000
1
5
6
Yamhill Co.
616 238 40 146 27.0% 131 261,200 134 888 568 2.9% 466 255,600 219,400 12.1% 5 232,700 38 189,400 6 295,000
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
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
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
MAY JUNE JULY AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY
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
$ 224,900
Yamhill County
$ 289,800
N Portland
$ 329,500
NE
Portland
$ 269,600
SE
Portland
$ 229,900
Gresham
Troutdale
Sandy
Corbett
Fairview
$ 244,900
Mt. Hood:
Zigzag
Welches
Rhododendron
Wemme
Brightwood
Government Camp
$ 285,000
Milwaukie/Gladstone/
Boring/Clackamas
Estacada
$ 275,000
Oregon City
Canby
Molalla
Beavercreek
$ 472,500

Lake Oswego
West
Linn
$ 380,000
West
Portland
$ 375,000
North Washington County
Sauvie Island
$ 263,000
Beaverton
Aloha
$ 310,400
Tigard/Tualatin
Sherwood
Wilsonville
$ 235,000
Hillsboro
Forest Grove
$ 210,200
Columbia County
$219,000
Heights
$169,900
Cent. Vancouver
$216,000
Cascade Park
$211,700
5 Corners
Orch.
$207,500
Hazel
Dell
Minnehaha
$255,000
Felida
$282,000
Salmon Creek
$298,700
Camas/Washougal
$355,600
Brush Prairie
Hockinson
$303,700
Ridgefeld/La Center
$253,500
Battle Ground
$205,000
N/NE Clark County
$241,900
Woodland
MEDIAN SALE PRICE
May 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