Portland First Quarter Market Report
Portland Market Report – Comparison First Quarter 2007 to First Quarter 2008
Residential
1/1/2007 – 3/31/2007
Closed Sales – 19
Average Sale Price - $287,489
Average Price/Sq.Ft. - $149.46
Average Days on Market – 79
1/1/2008 – 3/31/2008
Closed Sales – 16
Average Sale Price - $ 278,038
Average Price/Sq.Ft. - $158.39
Average Days on Market – 53
Overall number of sales are down 15.8% and prices are down by 3.3%. This isn’t too bad. There are only 55 homes on the market so the inventory has not gone up.