Market Report for Portland - June 2008 and Half 2008 Compared to 2007
Market Report for Portland June 2008 and Year to Date comparison to 2007
June 2008
Act – 60
New in June – 13
Deposits – 11
Closed – 10
Avg Sale Price - $220,000
SP/SqFt - $169.31
Avg. Dom 45
June 2007
Closed – 7
Avg.Sale Price - $240,786
Sp/SqFt - $148.90
Avg. DOM – 44
Comparing last June to this June, prices are down 8.7%, but number of closed sales were up about 42% and days on the market was about the same.
Jan.1, 2008 – June 30, 2008
Closed – 36
Median Sale Price - $252,000
SP/Sq.Ft - $158.22
DOM – 47
Jan.1, 2007 – June 30, 2007
Closed – 48
Median Sale Price - $253,250
SP/SqFt - $153.47
DOM – 51
Comparing last year to this year number of sales were down 25%, but prices only came down ½ a percent, which is really good and days on the market were less this year than last. All in all, not a bad report for the real estate market in Portland.