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Monday August 1, 2011

First American Title's Executive Summary

TUALATIN, OR Single Family Homes

This Week The median list price in TUALATIN, OR this week is $379,000.

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 $ 379,000 Asking Price Per Square Foot $ 148 Average Days on Market (DOM) 172 Percent of Properties with Price Decrease 48 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 2% Median House Size (sq ft) 2550 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 4.0

≠≠ ±+ ≠≠

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

13.2

≠≠

== 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

$ 749,000

3660

Upper/Second

$ 424,974

Lower/Third Bottom/Fourth

Lot Size

90-Day Rolling Average

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

Beds

Baths

Age Inventory New Absorbed DOM

1.0 - 2.5 acres

4.0

3.0

15

39

1

1

247

Most expensive 25% of properties

3014

8,001 10,000 sqft

4.0

2.5

9

40

2

0

185

Upper-middle 25% of properties

$ 314,500

2280

8,001 10,000 sqft

4.0

2.5

19

40

4

0

139

Lower-middle 25% of properties

$ 219,900

1568

8,001 10,000 sqft

3.0

2.0

32

40

1

3

120

Least expensive 25% of properties

First American Title Market Update

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