My analysis of latest RMLS Portland Metro sales data is HERE. (Most recent post is always linked in right pane as Portland Metro SF Sale Data.
Table and graph show the combined effects of a 30% decline in the number of sales with a 12% decline in the average sales price.
Graph on page 2 illustrates that compared to YTD in 2007, the dollar volume of sales declined by $1.8 Billion, and a $765 Million since 2008 YTD.
Oregonian's Front Porch blog post from Ryan Frank HERE has link to RMLS report.