Oregon Home Prices – October 2011

Oregon Homes for Sale

The latest average Oregon home for sale prices in October 2011 have just been released, and they are as follows:

  • North Portland, $222,700
  • Northeast Portland, $249,200
  • Southeast Portland, $216,100
  • Gresham/Troutdale, $196,400
  • Milwaukie/Clackamas, $230,500
  • Oregon City/Canby, $240,600
  • Lake Oswego/West Linn, $474,800
  • West Portland, $399,100
  • Northwest Washington County, $351,400
  • Beaverton/Aloha, $232,100
  • Tigard/Wilsonville, $274,600
  • Hillsboro/Forest Grove, $228,900

Portland Real Estate

The picture for October was a bit of a mixed bag scenario as the summer purchase season comes to a close. The prices rises that were evident during those warm summer months will mostly likely stop or even fall as is often the case during the winter months. October saw increases in pending sales by more than 15 percent and closes in sales of more than 14%, while at the same time see a sharp decline in listings over 22%. The new listings rate returns to what has been common over the last year, remains average with closed sales and will see a significant decline in pending sales down to less than 5%. This remains a “buyers market” with Portland real estate prices down over 6% from last year.

To start your Portland metro area home search started work with a Portland realtor with a proven track record and a wealth of quality Portland real estate listings. They know, ins and outs, the pluses and minuses of each and every city and neighborhood with in, giving you the most insight into your potential choices for your new home.