Wednesday, December 17, 2008

RMLS reports market time now at 135 days

On average, the time it will take to sell your Portland area home is currently three and a half months or 135 days to be exact.

This reflects November’s data from the RMLS with Northeast Portland homes selling the fastest and those in Lake Owego and West Linn sitting on the market the longest.

Here are the total market times (TMT) for all areas:

TMT = Area

98 = Northeast Portland
109 = Southeast Portland
120 = North Portland
124 = Hillsboro, Forest Grove
128 = Gresham, Troutdale
144 = Tigard, Tualatin, Sherwood, Wilsonville
145 = West Portland
152 = Northwest Washington County
155 = Beaverton, Aloha
155 = Milwaukie, Happy Valley, Clackamas
172 = Oregon City, Canby
182 = Lake Oswego, West Linn

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