I’m using Prudential Northwest Properties Transaction Platform which gets it data feed from RMLS to search for properties listed in Portland excluding any suburbs. Between October 1st and October 31st, 2008, 637 properties listed in RMLS sold (864 sold in the same time frame in 2007). In 2008, they ranged from an in-park double wide to a $3.3M Dunthorpe home. As of now, there are 5992 properties showing as active.
- 123 of the listings were on the market nine days or less. My assumption is that the system is reporting since the property was last assigned a new MLS number.
- Five listings were on the market over 500 days. They were all new construction condos.
- Average days on market was 73.
- The median listing price was $297,500.
- The average listing price was $354,528.
- The median selling price was $289,850; 97.71% of the list price.
- The average selling price was $343,588; 97.0% of the list price.
- The highest sold price to listing price ratio was 114% (home shows as 0 days on market).
- The lowest sold price to listing price 66.5% (was the lowest priced listing which sold for $8500).
- The 100th property when ranked from the lowest to highest ratio sold for 93.4% of asking.
- The 573th property (100 from the highest ratio home) when ranked from the lowest to highest ratio sold for 100% of asking.