Market Update-Week of February 4, 2013

MARKET UPDATEKristin's

· Current Real Estate Market Conditions for Single Family Homes· Trends in Pricing· Current Levels of Supply and Demand· Value Metrics

· Report for the week ofFebruary 04, 2013

· Presented by Kristin EvansWe Are Datawww.altosresearch.com415.932.8152

PORTLAND, OR

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Median List Price

Median Lot Size

22.5

Percent Relisted (reset DOM)

2106

2.0

6 %

Median Number of Bathrooms

156

Inventory of Properties Listed

$ 147

Percent Flip (price increased)

4,501 - 6,500 sqft

Median House Size (sq ft)

$ 275,000

29 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

n/a

Percent of Properties with Price Decrease

Strong Buyer's

±+

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==

±+

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Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

32 273291

1302.0 58

3.0

46

123

3.0 623

185

44

46

8,001 -10,000 sqft

59

$ 230,000

30

59

623

3.0

4,501 -6,500 sqft

542.0

1302 4,501 -6,500 sqft

623

$ 145,000

3.0

187

4,501 -6,500 sqft$ 349,900

4.0$ 630,000

57

36

2348

With inventory and days-on-marketbasically unchanged and the MarketAction Index decreasing, the marketis not sending strong directionalsignal for the near-term outlook.

Monday February 4, 2013

Kristin Evans | Altos Research | 415-932-8152

623

1742

1.0

The median list price in PORTLAND,OR this week is $275,000. The 2492properties have been on the marketfor an average of 156 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+

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PORTLAND, ORCity Overview

Least Expensive Listing

Average List Price

Average Age of Listing

2492

$ 6,900,000

$ 5,850

$ 386,458

53

Trend Key:

The market has shown someevidence of slowing recently. Bothprices and inventory levels arerelatively unchanged in recentweeks. Watch the Market ActionIndex for changes as it can be aleading indicator for price changes.

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Single Family Homes in


City OverviewPORTLAND, OR


Median PriceThis week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in generalover the last several weeks.

90-day Average7-day Average

Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Price per Square FootThe market appears to be placing an increasing premium on homes. When list prices and price per square foot consistentlyincrease in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market ActionIndex for persistent changes as a leading indicator for these trends to flatten or drop.


Inventory of Properties Listed for SaleInventory has been relatively steady around these levels in recent weeks.


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Market Action IndexThe PORTLAND market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 22.52. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole groupchanges.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’sAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Days on MarketThe properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in thepast 106 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


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Market Update-Week of February 4, 2013

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