Portland Real Estate - How's the Market April 2019

By
Real Estate Agent with Keller Williams Realty Professionals OREA# 201211562

 

Portland Real Estate - How's the Market April 2019

 

 April Residential Highlights 

 

Portland Real Estate - How's the Market April 2019

 

 

The Portland metro area saw mostly gains this April, with new listings leading the way. There were 4,210 new listings, a 5.5% increase over April 2018 (3,990) and a 20.1% increase over the 3,504 offered last month in March 2019. This was the strongest April for new listings in the area since 2010, when 4,713 were offered. There were 5,400 total active residential listings in April.

 

Portland Real Estate - How's the Market April 2019

 

 

There were 2,409 closings in the region in April, a 10.4% increase over March 2019 (2,183) but a decrease of 4.5% from the 2,523 closings recorded last year in April 2018. Total market time decreased in April to 53 days, with inventory holding steady at 2.2 months. Pending sales, at 3,102 in April, increased 3.1% over April 2018 (3,008) and 13.3% over March 2019 (2,738).

 

Portland Real Estate - How's the Market April 2019

 

 

Comparing the average and median YTD sale prices 2019 to 2018 through April; the average sale price has increased +0.3% from $444,600 to $445,900, and the median sale price has increased +1.2% from $395,000 to $399,600. Comparing April 2019 to 2018, prices are flat.

 

Portland Real Estate - How's the Market April 2019

 

 

Thanks for reading Portland Real Estate - How's the Market April 2019

 


 

 

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John Van Hogen - Principal Broker Oregon / Broker Washington

Keller Williams Realty Professionals   

Oregon office - 9755 SW Barnes Rd #560 Portland OR 97225

Washington office: 2211 E Mill Plain Blvd #302 Vancouver WA 98661 

Each Office Independently Owned & Operated - 503.546.9955

 

Comments (1)

Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

John, thanks for sharing the Portland market stats. So, the median price is stable around $400K, and stable - same as last year this time.

May 16, 2019 06:19 PM