FOUR MONTH AVERAGE TO SELL YOUR HOME IN THE PORTLAND METRO AREA

On average, the amount of time it’s taking a Portland area homeowner to sell a home is 135 days- 4.3 months.

Here are the average days on market (DOM) for Portland and the suburbs, listed from shortest amount of time to longest:

DOM = Area

124 = Southeast Portland
110 = North Portland
108 = Northeast Portland
131 = Beaverton, Aloha
130 = Milwaukie, Clackamas, Happy Valley
135 = Gresham, Troutdale
131 = Northwest Portland
132 = Oregon City, Canby
133 = Northwest Washington County
141 = Hillsboro, Forest Grove
139= Tigard, Tualatin, Sherwood, Wilsonville
179 = Lake Oswego, West Linn

Closed sales went up 18.9% in November 2011 compared to last year. At November's rate of sales the active inventory in the Portland-Metro area would last about 6.2 months (if nothing new came on the market). This is the lowest active listings in the last three years. Sale prices are still falling, the median sales price fell 3.4% for the year. However, overall things are looking good if you want to sell your home.

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