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A quick summary:

2012 is definitely showing strong improvement; up 7% over 2011 when measuring by $/sq ft and 9.4% when measuring by average sale price. The rest of the story is the shrinking supply of inventory as has been shown for a long time now by the inventory and list to sold charts.

I don’t typically get excited about monthly figures but the past 5 months show a significant upward shift. See chart #1

Unless something drastic happens and if current trends continue, expect 2012 to end very strong; much higher I believe, than anyone expected. Below is a quick summary. Certainly take a look at the charts to see the trends and historical data to put it all into context.

View charts and tables attached to see more detailed reports

Price/sq ft

Third Quarter 2012 over Third Quarter 2011:            Up                  

Third Quarter 2012 over Second Quarter 2012          Up                  

2012 YTD over 2011.                                                    Up

Home Size

Third Quarter 2012 over Third Quarter 2011:            Up

Third Quarter 2012 over Second Quarter 2012:         Up

Number of Sales

Third Quarter 2012 over Third Quarter 2011:             Up                 

Third Quarter 2012 over Second Quarter 2012:         Stable                   

Many sources quote Median sale price and/or average sale price. View the tables to see how these values can paint a different picture of the market.

View charts and tables to see other market measures on one of these sites:

http://www.centralorproperty.com/Central,ORTrends.html or http://centralorhomesales.com/inventory.asp

Know anyone considering short selling to avoid foreclosure?

Please direct them to my dedicated site that fully explains the short sale process. www.bendredmondshortsaleexpert.com

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