Beaverton Home Sales Market Action July 2012

The current Market Action for the Portland and Beaverton area home sales for July 2012, per the RMLS is: Real estate activity is positive when comparing July 2012 to July 2011. Comparing July 2012 to July 2011 there was a 23% increase in accepted offers. The 1,973 closed sales represent a 15.4% increase over the same month last year, when 1,709 closed sales were record. This is the highest number of closed sales in the month of July since 2009. At this rate it would only take 4.6 months to sell the active listings at the July rate of sales, this compared to 10.8 months just 2 years ago in 2010. The median sales price rose 7.8% when comparing July 2012 with July 2011.

Comparing the pending sales with the previous 12 months change is as follows; Beaverton home pending sales are up 6.3%, Tigard pending sales are up 19.4%, Hillsboro / Forest Grove pending sales are up 28.3%, Lake Oswego pending sales are up 17.4%, SE Portland pending sales are up 39.5%, NE Portland pending sales are up 25.9% and Gresham / Troutdale pending sales are up 8.7%. Average total market time measured by days is as follows; Beaverton 72, Tigard 101, Hillsboro 133, Lake Oswego 126, SE Portland 72, NE Portland 83 and Gresham / Troutdale 103. Rates continue to stay low around 3.875%. Hopefully this current Market Action update will help you to better understand where we are in the current real estate market. We continue to see positive signs in the real estate market. Price is a top factor in getting buyers through the door and making an offer. Functionality of the floor plan and the yard are also important to buyers.