Portland Metro Real Estate Market Trends June 2019

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

 

Portland Metro Real Estate Market Trends June 2019

 

Portland Metro Real Estate Market Trends June 2019After a slow winter and uneven spring, the Portland metro real estate market trends are revealing a steadying market, with a few bursts of summer-time energy. Home sellers and buyers are adjusting to the changing, more balanced market we're now seeing, and the lower interest rates are a welcome bonus.

There were 6,735 active residential listings in the Portland metro area this June. Inventory rose slightly to 2.4 months and total market time decreased to 42 days in the same period.

Year to Date Summary Activity is mixed so far in 2019 compared with 2018. New listings (22,599) are up 2.4%, while pending sales (15,956) are down 2.1% and closed sales (13,842) are down 4.8%.  

 

 

Portland Metro Real Estate Market Trends June 2019

 

 

Pending sales saw the sole gain this June in the Portland metro area. At 3,083, pending sales rose 0.8% compared with June 2018 (3,059) despite decreasing 6.3% from last month in May 2019.

YTD pending sales are up in N and NE Portland, flat/even in the Beaverton, Forest Grove, and Hillsboro areas, while behind LY in the higher priced areas of Lake Oswego, West Linn, and NW Washington Co.

 

portland Metro real estate market trends june 2019

 

Closed sales performed predictably, ending 6.4% under the 2,946 closings recorded in June 2018 and 7.2% below the 2,969 closings from May 2019. While closed sales are off 4.8% YTD this year over last year, expect that gap to be reduced somewhat by the end of the year.

 

Portland metro real estate market trends june 2019

 

When comparing the average and median prices through June for 2019 to 2018, the average sale price has increased 0.7% from $453,400 to $456,700, and the median sale price has increased 1.8% from $400,000 to $407,000.

 

Portland Metro Real Estate Market Trends June 2019

 

Thanks for reading...Portland Metro Real Estate Market Trends June 2019

 


 

 

Feel free to reach me directly... 

503-680-9390 / john@johnvanhogen.com


 

 

John Van Hogen - Principal Broker Oregon / Broker Washington  

Oregon - 9755 SW Barnes Rd #560 Portland OR 97225

Washington - 2211 E Mill Plain Blvd #302 Vancouver WA 98661 

Keller Williams Realty Professionals

Each Office Independently Owned & Operated - 503.546.9955

 

 

Comments (6)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

 

Thank you for sharing this news about your local real estate market.

 

Jul 21, 2019 10:50 PM
John Van Hogen

Appreciate it Michelle...have a great week

Jul 22, 2019 03:04 PM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

Jul 21, 2019 11:41 PM
John Van Hogen

Thanks for stopping by Sally...

Jul 22, 2019 03:05 PM
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