The June 2008 Market Action came out and the Beaverton numbers fall in line with most neighborhoods.  I am not too big on some of the statistics because I feel they can be manipulated by a few sales.  Case in point, the difference between the average price and median price is $251,600 and $279,700 respectively.

Below is the current Month and YTD (Year-to-Date) activity for homes Beaverton and Aloha

• Active Listings - 1487
• New Listings - 441     YTD - 2887
• Expired/CAN - 297
• Pending  -  183    YTD - 1,018
• Sold - 167    YTD - 930
• Average Price  $282,500     YTD - $279,700    Up 1.3%
• Pending Sales are down ?30.4% June ‘07 to June ‘08 and down ?37.9% YTD

The numbers are fine but there isn’t much of a conclusion that you can draw from them.  With IndyMac Bank going down, oil prices uncertain, consumer confidence down and positive opinions on Congress and the President in the single digits there are too many factors to really project what will happen.

There are some that say we will be out of this by the end of the year where others say 2-3 years after a shedding 10%+ in sales prices .  Everyone is guessing.  Real estate is local and by that I mean neighborhood since we are all talking Portland.

We can only plug along helping our clients as best we can but be careful making promises of the future as that will most likely backfire.  I hope and expect that most buyers are looking four years or more when they make their purchase.

Photo via http://www.flickr.com/photos/jaycoxfilm/

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