Portland Sales Volume Report | December 2009

by | Dec 17, 2009 | How to Guides, Uncategorized

726 homes were sold in Portland in November, down from 850 in October. I had predicted 700 and the normal sales slow down in Fall and Winter but October and November show the positive influence of the first time homebuyer tax credit in a BIG way.

Sales Volume 121509

Wild cards: Tax credit has been extended to mid 2010 and new move up buyer tax credit added, will FHA increase minimum down payment to 5% in 2010? Foreclosures are still going up nationally and in Oregon.

I’m predicting around 500 closed sales in Portland (areas 141, 142, 143 & 148) in December. Investors will begin to emerge as a major part of the market this Fall and Winter.

Sales volume is a leading indicator for price. To help predict where the market is going I publish this sales volume trend report. The wisdom is that price follows volume so when you see a market trending higher in sales, prices will soon follow up and when sales volume is low, prices will stay flat or fall.

PORTLAND sales volume 121509


Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington