Comments on: Portland Real Estate Market Activity – April 2008

By: Ron Ares

Ron Ares — Mon, 19 May 2008 16:07:18 +0000

@Steve – Here are the March to April pending sale stats for the past few years: 2007: -2%, 2006: -5%, 2005: +6%. It is positive because we aren’t digging a deeper hole, but as SkepticTank points out, its a far cry from 2007’s units pending.

@Alan – The median price in April was $275,000 (vs. $285,000 in April 2007).

By: Alan

Alan — Mon, 19 May 2008 15:23:06 +0000

Hmm, what was the overall median house price in Portland for April? I didn’t see it mentioned.

By: Steve

Steve — Mon, 19 May 2008 04:44:44 +0000

Why is 7% up on March good? Is it that April typically has fewer sales than March? How did April 2007 compare to March 2007 versus April 2008 versus March 2008? (That would be the relevant metric to me.) Thanks, Steve

By: Ron Ares

Ron Ares — Sat, 17 May 2008 04:36:10 +0000

ST – good catch, 7% up on March, now redacted.

By: skeptictank

skeptictank — Sat, 17 May 2008 04:29:22 +0000

If there was a plus side to April results, it was pending sales — up almost 7% over April of 2007.

Ummm… no:
Pending Sales:
April 2008: 2070
April 2007: 2998

My quick in-my-head guestimate says that’s about 30% less pending sales in April this year vs last year.