Stats & Trends - November 2009

The November 2009 residential highlights have been release from the Regional Multiple Listing Service (RMLS) and it shows some areas of improvement:

• Closed sales were up 72.4% compared to November 2008 (largest on record for the area)
  
• Pending sales rose 19.9% and new listings dropped 7% over the same period

And some areas of decline were noted:

• The average sales price was down 11.4% compared to November 2008
• The median sales price dropped a bit from October 2009 ($239,000 v. $245,000 in October)

Overall, the activity levels are up due in part to the extension and expansion of the Homebuyer Tax Credit which allows for and $8,000 first-time home buyer tax credit and a $6,500 move-up buyer tax credit.

The holidays are typically a slower time in real estate but tend to get busy once the New Year arrives so if you are thinking of making the move now may be a good time to start the ball rolling by contacting me to get a plan in motion.  Remember, even if you are outside the Portland metro area I can still help you by finding just the right professional to assist you.