Year to Date Summary. Average and Median Sale Prices

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1 A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon December 2015 Reporting Period December Residential Highlights The Portland metro area ended the year with an uptick in closed sales this December. The 2,710 closings surged 21.0% past the 2,239 closings posted in December 2014 and 25.9% past the 2,153 closings posted last month in November This was the strongest December for closings in the Portland metro area on the RMLS record, dating to Pending sales (1,936) were 16.1% stronger than in December 2014 (1,667) but fell 22.7% from the 2,504 offers accepted last month in November New listings (1,538) fell two short (-0.1%) of those offered in December 2014 (1,540) and were 28.4% cooler than the 2,148 new listings offered last month in November Inventory in the Portland metro area decreased in December to 1.2 months, the lowest inventory number since at least During the same period, total market time increased to 56 days. There are currently a total of 3,381 active residential listings in the Portland metro area. Year to Date Summary Activity across the board was higher in 2015 than in Pending sales (34,568) rose 22.5%, closed sales (33,307) rose 20.0%, and new listings (40,815) rose 8.4% for the year. Average and Median Sale Prices Prices were higher in 2015 compared to Comparing each year, the average sale price rose 6.5% from $33 to $354,500. In the same comparison, the median sale price rose 7.9% from $285,500 to $308,000. Inventory in Months* January February March April May June July August September October November December *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months % Change: +6.5% ($354,500 v. $332,800) Median Sale Price % Change: +8.1% ($308,000 v. $285,000) For further explanation of this measure, see the second footnote on page 2. Portland Metro Residential Highlights New Listings Pending Sales Closed Sales Average Sale Price Median Sale Price Total Market Time December 1,538 1,936 2, , , November 2,148 2,504 2, , , Year-to-date 40,815 34,568 33, , , Change December 1,540 1,667 2, , , Year-to-date 37,654 28,220 27, , December -0.1% 16.1% 21.0% 10.9% 10.3% -26.3% Prev Mo % -22.7% 25.9% 3.4% 1.6% 7.7% Year-to-date 8.4% 22.5% 20.0% 6.5% 7.9% -22.5% Copyright RMLS All Rights Reserved.

2 AREA REPORT 12/2015 Portland Metropolitan Area, Oregon Current Month RESIDENTIAL COMMERCIAL LAND MULTIFAMILY Year-To-Date Year-To-Date Year-To-Date Year-To-Date Active Listings New Listings Expired.Canceled Listings Pending Sales Pending Sales 2015 v Total Market Time 3 New Listings Pending Sales Pending Sales 2015 v Median Sale Price Avg. Sale Price % Change 2 N Portland % , ,659 1, % 1, , , % , , ,300 NE Portland % , ,523 3, % 2, , , % , , ,700 SE Portland % , ,777 4, % 3, , % , , ,700 Gresham/ Troutdale % , ,791 2, % 2, , % , , ,300 Milwaukie/ Clackamas % , ,511 2, % 2, , % , , ,500 Oregon City/ Canby % , ,158 1, % 1, , , % , , ,600 Lake Oswego/ West Linn % , ,463 1, % 1, , , % 2 721, , ,495,100 W Portland % , ,313 3, % 3, , , % , , ,200 NW Wash Co % , ,853 1, % 1, , , % 3 395, , ,100 Beaverton/ Aloha % , ,910 3, % 3, , , % , , ,700 Tigard/ Wilsonville % , ,461 2, % 2, , , % 5 670, , ,700 Hillsboro/ Forest Grove % , ,851 2, % 2, , , % , , ,500 Mt. Hood % , % , , % 1 285, , Columbia Co % , , % , , % , , ,900 Yamhill Co % , ,145 1, % 1, , , % , , ,800 1 Percent change in number of pending sales this year compared to last year. The Current Month section compares December 2015 with December The Year-To-Date section compares 2015 year-to-date statistics through December with 2014 year-to-date statistics through December. 2 % Change is based on a comparison of the rolling average sale price for the last 12 months (1/1/15-12/31/15) with 12 months before (1/1/14-12/31/14). 3 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market. 2

3 10,000 9,000 8,000 7,000 6,000 5,000 4,000 Active Residential Listings JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ,366 6,256 6,207 6,498 6,818 7,348 7,849 8,003 7,903 7,355 6,751 5, ,671 5,752 5,811 6,093 6,858 7,250 7,727 7,784 7,438 6,963 6,131 5, ,996 4,947 4,767 4,853 5,125 5,388 5,708 5,837 5,657 5,021 4,252 3,381 ACTIVE RESIDENTIAL LISTINGS active residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area. TOTAL ACTIVE LISTINGS total active listings over the past three calendar years in the greater Portland, Oregon metropolitan area. 12,500 11,500 10,500 9,500 8,500 7,500 6,500 5,500 Total Active Listings 4,500 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC ,519 8,435 8,385 8,673 9,002 9,564 10,138 10,293 10,223 9,573 8,884 7, ,606 7,731 7,702 8,066 8,928 9,290 9,829 9,872 9,483 8,959 8,098 6, ,764 6,718 6,518 6,622 6,934 7,175 7,549 7,665 7,417 6,737 5,905 4,785 4,500 4,000 3,500 2,500 2,000 1,500 1,000 New Listings NEW LISTINGS new residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area

4 4,000 3,500 2,500 2,000 1,500 1,000 Pending Sales PENDING LISTINGS This graph represents monthly accepted offers in the Portland, Oregon metropolitan area over the past three calendar years CLOSED SALES closed sales over the past five calendar years in the greater Portland, Oregon metropolitan area. 3,500 2,500 2,000 1,500 1, Average Total Market Time DAYS ON MARKET average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years TMT 2014 TMT 2015 TMT 4

5 SALE PRICE This graph represents the average and median sale price for all homes sold in the Portland, Oregon metropolitan area. $425,000 Average and Median Sale Price $375,000 $325,000 $275,000 $225,000 $175,000 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Median Sale Price $350,000 Median Sale Price: Portland, OR & Clark Co., WA MEDIAN SALE PRICE $300,000 $250,000 $200,000 $150,000 $100,000 DEC JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC Clark County Metro Portland, OR median sale price over the past 12 months in the greater Portland, Oregon, metropolitan area and Clark County. 5

6 MEDIAN SALE PRICE December 2015 SW WASHINGTON $260,000 Woodland $277,500 N/NE Clark County PORTLAND METRO $ 215,000 Columbia County $ 442,500 North Washington County Sauvie Island $ 284,200 Hillsboro Forest Grove $ 279,500 Beaverton Aloha $ 362,800 Tigard/Tualatin Sherwood Wilsonville $ 238,900 Yamhill County $ 367,500 N Portland $362,100 Ridgefield/La Center $ 412,800 West Portland $ 450,000 Lake Oswego West Linn $292,500 Salmon Creek $296,000 Felida $249,900 Hazel Dell Minnehaha $205,000 Cent. Vancouver $ 328,700 NE Portland $ 321,500 SE Portland $270,000 Heights $ 317,000 Milwaukie/Gladstone/ Boring/Clackamas Estacada $ 319,500 Oregon City Canby Molalla Beavercreek $235,500 5 Corners Orch. $263,500 Battle Ground $241,900 Cascade Park $342,700 Brush Prairie Hockinson $380,000 Camas/Washougal $ 258,000 Gresham Troutdale Sandy Corbett Fairview $ 216,300 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp 6

7 MULTIPLE LISTING SERVICE Contact RMLS 8338 NE Alderwood Rd Suite 230 Portland, OR (503) ACTIVE & CLOSED CONDOS number of active and closed condos in the Portland, Oregon, metropolitan area. Active & Closed Condos 300 The statistics presented in Market Action are compiled monthly based on figures generated by RMLS Active Listings Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County. RMLS was formed by area Boards and Associations of REALTORS in SALE VOLUME $ Billions RESIDENTIAL '01 '02 '03 This graph shows annual residential sales volume for Lane County, OR, Clark County, WA, and Portland, OR. Annual Sales Volume Report '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 subscriptions are available for $45 per year by contacting RMLS. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS. Portland OR Metro Clark Co WA Lane Co OR Craig Fahner, Chairman of the Board Kurt von Wasmuth, President/CEO Heather Andrews, Editor