Portland Oregon Area Residential Real Estate Review February 2018

Dated: 03/14/2018

Views: 139

February 2018 Residential Highlights

Closings had a strong month this February in the Portland metro area. There were 1,806 closed sales, a 8.2%  Portland Real Estate Inventory Feb 2018increase over February 2017 (1,669) and a 10.9% increase over January 2018 (1,628). 

New listings (2,530) saw gains in February as well, outpacing February 2017 (2,521) by 0.4% and January 2018 (2,486) by 1.8%. 

Pending sales, at 2,337, fell 1.4% short of the 2,369 offers accepted last year in February 2017 but inched 1.1% ahead of the 2,311 offers accepted last month in January 2018. 

Total market time increased by nine days in February, ending at 69 days. Inventory decreased slightly to 1.9 months in the same month. There were 3,441 active residential listings in the Portland metro area this February.


Average and Median Sale Prices

Comparing the average price of homes sold in the twelve months ending February 28th of this year ($432,200) with the average price of homes in the twelve months ending February 2017 ($402,000) shows an increase of 7.5%. In the same comparison, the median has increased 9.4% from $350,000 to $383,000.

Portland Real Estate Highlights Feb 2018


Latest Blog Posts

Portland Oregon Area Residential Real Estate Review March 2018

March Residential Highlights New listings in the Portland metro area saw a slight gain compared to last year this March. At 3,648 for the month, new listings edged 1.2% over the 3,604 new

Read More

Not Owning Your Home Can Cost You A Lot Of Money

NOT Owning Your Home Can Cost You a Lot of Money!  Monday April 2nd, 2018  Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. BuyOwning

Read More

Moving Up Is More Affordable Now In Portland Then In The Last 40 Years

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 YearsTuesday March 20th, 2018If you are considering selling your current home, to either move up to a larger home or into a home in

Read More

The Cost Of Waiting Portland Interest Rates Edition INFOGRAPHIC

Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly

Read More