Portland Oregon Residential Real Estate Review April 2018

Dated: 05/15/2018

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Portland Oregon Residential Real Estate Review April 2018


April 2018 Residential Highlights 

Closed sales saw an upswing this April in the Portland metro area. There were 2,523 closings, a 13.7% increase over April 2017 (2,219) anda 6.4% increase over last month in MApril 2018 Portland Area Real Estate Inventoryarch 2018 (2,371). 

New listings (3,990) saw gains as well, outpacing April 2017 (3,759) by 6.1% and March 2018 (3,648) by 9.4%. 

Pending sales, at 3,008 in April, fell 2.6% short of the 3,088 offers accepted last year in April 2017 but edged 3.9% over the 2,894 offers accepted last month in March 2018. 

Inventory increased by a fraction of a month in the Portland metro area in April, ending at 1.8 months. During the same time, total market time decreased to 42 days. herewere 4,469 active residential listings in the Portland metro area this April. 


Download the full report here


Average and Median Sale Prices 

Comparing the average price of homes sold in the twelve months ending April 30th of this year ($436,800) with the average price of homes in the twelve months ending April 2017 ($406,400) shows an increase of 7.5%. In the same comparison, the median has increased 9.1% from $355,300 to$387,500.

April 2018 Portland Area Real Estate Highlights

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