Portland Oregon Area Residential Real Estate Review January 2018

Dated: 02/16/2018

Views: 144

January 2018 Residential Highlights

<a href='http://james.libertyfirstrealty.com/index.php?types[]=1&types[]=2&areas[]=city:Portland&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Portland'>Portland</a> Oregon Inventory Level

The Portland metro area saw plenty of pending sales and new listings this January. Pending sales, at 2,311, outpaced January 2017 (1,990) by 16.1% and December 2017 (1,757) by 31.5%. It was the strongest January for pending listings in the metro area since 2007, when 2,544 offers were accepted in January. New listings, at 2,486, outpaced January 2017 (2,212) by 12.4% and December 2017 (1,617) by 53.7%. Closed sales, at 1,628, cooled 11.9% from the 1,847 closings recorded last year in January 2017 and 30.7% from the 2,350 closings recorded last month in December 2017. Inventory rose a bit in January,ending at 2.2 months. During the same period, total market time increased by five days to end at 60 days. There were 3,518 active residential listings in the Portland metro area in January.

Average and Median Sale Prices

Comparing the average price of homes sold in the twelve months ending January 31st of this year ($430,100) with the average price of homes in the twelve months ending January 2017 ($399,600) shows an increase of 7.6%. In the same comparison, the median has increased 8.6% from $350,000 to $380,000.

<a href='http://james.libertyfirstrealty.com/index.php?types[]=1&types[]=2&areas[]=city:Portland&beds=0&baths=0&min=0&max=100000000&map=0&quick=1&submit=Search' title='Search Properties in Portland'>Portland</a> Residential Highlights



Latest Blog Posts

Portland Oregon Residential Real Estate Review May 2018

Portland Oregon Residential Real Estate Review April 2018May 2018 Residential Highlights New listings made some gainsthis May in the Portland metro area. At 4,665, new listings outpaced

Read More

Why Do Renters Move In The Portland Market Area

Why Do Renters Move? - How Affordable are Rentals?Ever wonder why renters move, or what the primary reason are causing renters to move from the home or apartment they are renting in

Read More

Investment Property 19712 SW 68th Ave Tualatin OR 97062

Tualatin Duplex - $350,000I found this duplex in an area of good Tualatin schools in an easy to rent area! The cost is reasonable and the finances pencil out nicely. See the Prospectus

Read More

Video Walk Thru And Price Opinion Of 16019 SW Hawk Ct Sherwood OR 97140

Link to the Listing for 16019 SW Hawk Ct Sherwood OR 97140Observations:Overall the home shows well and appears to be in overall good condition. The roof has had moss but does appear to have been

Read More