Regional home sales stumble

| Print |  Email
Tuesday, May 01, 2007

0507Indicators.gif

Sales of residential real estate in Central Oregon, the Willamette Valley and the Portland metro area slowed or declined in 2006, following a national trend that afflicted other regions more adversely. In Portland, new listings were up 14.0% over 2005 but closed sales were down 13.4%, creating a market friendlier to buyers. February 2007 saw a 5.2-month inventory of available homes compared to 2.7 and 3.0 months in February 2006 and 2005. In the Willamette Valley, residential sales volume increased just 4.9% in 2006 versus a 35.1% jump in 2005; and in Central Oregon, sales dropped 1.4% versus a 52.6% increase in 2005. Median home prices, on the other hand, resisted the national trend of appreciation below 2% in 2006 — home values in Portland, the Willamette Valley and Central Oregon gained 13.9%, 16.0% and 28.2%, respectively.


Have an opinion? E-mail
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

That's Not a Watch (This Is a Watch)

February 2015
Tuesday, January 27, 2015

Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.


Read more...

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

Ski traffic

News
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

Corner Office: Pam Edstrom

January-Powerbook 2015
Saturday, December 13, 2014

Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.


Read more...

7 industry trends of 2015

The Latest
Friday, January 09, 2015
covertrends15-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

Industry groups identify top trends for 2015.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS