Sales Volume Report | January 2013

by | Jan 10, 2013 | How to Guides, Market Reports

Sales Volume Report | January 2013

PORTLAND SALES VOLUME REPORT | January 10, 2013 

Sales Volume Above Spring 2012 Numbers

672 homes were sold in Portland in December, down from 732 in November. This shows the sales peak for the metro area happened in August at close to 1,000 sales, which is later in the season than I would expect. Based on the continued low inventory of homes I expect sales to drop off slightly but pricing to hold or increase into the winter months.

Wild cards: Fiscal Cliff is not over with Debt Ceiling talks in the next 4 weeks, continued low inventory.

I’m predicting around 600 closed sales in Portland (RMLS areas 141, 142, 143 & 148) in January. Seasonally speaking, average prices generally start to drop after the summer peak, bottoming out in winter.

SVR 01-13

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.

0 Comments

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