While 2005 saw an overall increase

in market activity the last

month of the year saw a decrease

across the board. Accepted offers

dropped 9.5%, new listings fell 5.7%

and closed sales decreased 1.3%.

(See table below.)

At the end of December there

were 5,387 active residential listings

in the Portland metro area. Given

the month’s rate of sales, the would

last 2.1 months (see table to right).

Fourth Quarter Report

The last quarter of 2005 in the

Portland metro area, when compared

to the same quarter in 2004

saw some growth, with 7.9% new

listings (9,357 v. 8,671) and 4.4%

more closed sales (8,381 v. 8,028).

Accepted offers in the Portland

metro area, however, decreased a

slight 1.6% (7,217 v. 7,333).

A Summary of 2005

Year’s end saw an increase in

overall market activity with 13.1%

more closed sales, a 10.7% increase

in accepted offers and a 5.9% greater

number of new listings when compared

with 2004. Further, we had

a record breaking total volume in

real estate sales of $10.6 billion.

Compared with 2004’s $8.1 billion

that is an increase of 30.9%. The

15% increase in average sale price

($282,900 v. $246,000) and the 15%

appreciation of median sale price

($237,500 v. $204,500) may also account

for the increase.

Condo Appreciation Rates

Average Change fro m

Sale Price Prior Year

2005 $233,800 - 27.2%

2004 $183, 800 - 16%

2003 $158,500 - 6.5%

2002 $169,600 - N/A