Current Active Homes for Sale in SE Portland Market Trends in 2012

Homes for Sale in SE Portland Current Market

The chart at the right is reflective of the current active listings of homes for sale in SE Portland.

The purpose of this chart is to point out the percentages of traditional sales, short sales and bank owned property being currently listed for homes for sale in the SE Portland area.

This is a current overview of the percentages of SE Portland homes that are currently for sale on the market.

Since the real estae market has now evolved into distinct segments, here's a good way to look at current activity of homes for sale in SE Portland and it shows the current market trends on listings.

How Are SE Portland Homes for Sale Listed?

• Traditional: A traditional home for sale in SE Portland would mean it is NOT bank owned or being sold as a short sale. There is no third-party approval required. A traditional SE Portland home for sale is a non-distressed sale.

• Short Sale Offer Pending: When a buyer and seller have mutually agreed to terms on a short sale listing, the lender, or lenders, must approve the deal. The offer is accepted between buyer and seller but it waiting for bank approval. Homes for Sale in SE Portland that are listed as a short sale, have buyer and seller mutual consent will continue to be marketed as ACTIVE until the bank has approved the short sale.

• Short Sale: Homes for Sale in SE Portland that do not have the current market value to pay-off an existing mortgage, or mortgages, may be sold as a "short sale."

• Banked Owned aka REO: There are some SE Portland homes for sale that have been foreclosed on. They are bank owned, aka REO properties (real estate owned).

SE Portland Homes for Sale in Numbers

Currently the numbers for homes in SE Portland that are currently for saleare:

• Traditional Listings: 393 (56.45% of current SE Portland homes for sale market)
• Short Sales: 142 (20.34%)
• Short Sale Pending: 86 (12.32%)
• Bank Owned: 76 (10.89%)

SE Portland homes for sales are tipping close to 60% of traditional listing on the current market. Which means that the remaining, nearly, 40% are either listed as short sales, bank owned, or a pending short sale. This does affect the traditional listings because they are now competing with the distressed property market and often times, their current value is weighed against these non-traditional listings.

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