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Monday August 1, 2011

First American Title's Executive Summary

TIGARD, OR Single Family Homes

This Week The median list price in TIGARD, OR this week is $301,100.

Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.

Real-Time Market Profile

Trend

Median List Price $ 301,100 Asking Price Per Square Foot $ 142 Average Days on Market (DOM) 141 Percent of Properties with Price Decrease 49 % Percent Relisted (reset DOM) 13 % Percent Flip (price increased) 3% Median House Size (sq ft) 2212 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0

≠≠ ±+ ≠≠

Median Number of Bathrooms

Supply and Demand

Market Action Index

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

±+

No change

2.5

Strong Buyer's

15.2

≠≠

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Price Market Action Index

The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles

7-Day Rolling Average

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Top/First

$ 489,950

Upper/Second

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Lot Size

Beds

Baths

Age Inventory New Absorbed DOM

3494

8,001 10,000 sqft

4.0

3.0

9

88

5

2

131

Most expensive 25% of properties

$ 344,400

2602

4,501 6,500 sqft

4.0

2.5

13

88

12

6

131

Upper-middle 25% of properties

Lower/Third

$ 275,000

1949

4,501 6,500 sqft

3.0

2.5

19

89

4

7

139

Lower-middle 25% of properties

Bottom/Fourth

$ 210,000

1458

4,501 6,500 sqft

3.0

2.0

31

89

7

3

166

Least expensive 25% of properties

First American Title Market Update

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