Welcome to the August 2016 Portland Real Estate Market Report! Although it is still a seller's market, the market has cooled a bit with inventory rising. Hopefully, for buyers, this relieves some pressure so they have an easier path to keys in their hand. Time will tell if this is a temporary blip or points to a trend. Although the market has cooled a bit, it is still a very strong seller's market. However, sellers may see less multiple offers. Pricing correctly and having the right marketing plan is crucial. Contact us for a no obligation, no pressure discussion about your real estate goals. We would love to help!
Click here to see all homes available for sale in the Portland Metro Area
Trends of homes for sale, pending, and sold in the last 15 months in Portland OR
July 2016 is a Seller's market*
Home For Sale in July 2016: 1738 units.
•Up 19.5% compared to the last month•Up 14% compared to the last year
Home Closed in July 2016: 916 units.
•Down 18.6% compared to the last month•Down 28.5% compared to the last year
Home Placed under Contract in July 2016: 1116 units.
•Up 1.8% compared to the last month•Down 5.4% compared to the last year
Average Price Per Square Foot
July 2016 Average Sold Price per Square Footage is Appreciating*
Average Sold Price per Square Footage in July 2016: $242
•Up 1.7% compared to the last month•Up 14.7% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Average Days On Market and Percentage of List Price vs. Sale Price
July 2016 Average Days on Market trend is Falling*
Average Days on Market in July 2016: 20
•0% compared to the last month•Down 23.1% compared to the last year
July 2016 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in July 2016: 101%
•0% compared to the last month•0% compared to the last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Average Price of a Home Listed and Sold
July 2016 Average For Sale Price is Depreciating*
Average For Sale Price (in thousand) in July 2016: $583
•Down 2.8% compared to the last month•Up 7.6% compared to the last year
July 2016 Average Sold Price is Appreciating*
Average Sold Price (in thousand) in July 2016: $455
•Up 0.2% compared to the last month•Up 8.9% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Months of Inventory
July 2016 is a Seller's market*
Months of Inventory based on Closed Sales in July 2016: 1.9
•Up 46.4% compared to the last month•Up 58.8% compared to the last year
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
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