Buying Remains Cheaper Than Renting in Portland MetroBuying Remains Cheaper Than Renting in Portland MetroAugust 18th, 2018The latest Rent vs. Buy Report from Trulia shows that homeownership is
Portland Oregon Residential Real Estate Review June 2018
June Residential Highlights
The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings recorded last year in June 2017, but outpaced May 2018 (2,803) by 5.1%. Even so, June closings were last lower in 2014, when 2,617 were recorded for the month.
New listings, at 4,515, ended 4.7% cooler than in June 2017 (4,739) and 3.2% cooler than last month in May 2018 (4,665).
Pending sales fared similarly. There were 3,059 offers accepted, falling 6.0% below the 3,254 offers accepted last year in June 2017 and 4.4% below the 3,201 offers accepted last month in May 2018.
Inventory rose to 2.1 months in June, with total market time holding steady at 37 days.
Year to Date Summary
Activity so far in 2018 is a little mixed compared to 2017. New listings (22,079) are up 2.7%. Pending sales (16,297) are down 1.7% and closed sales (14,546) are down 2.2%.
Average and Median Sale Prices
Comparing 2018 to 2017 through June of each year, the average sale price rose 6.2% from $427,000 to $453,400. In the same comparison, the median sale price rose 6.7% from $375,000 to $400,000.
Latest Blog Posts
Coming Soon Listing in Hillsboro - MLS # 183986562 Masters, both with beautiful bathroom suites. Set-up for multi-generational. New flooring throughout, new paint. This is a gorgeous move-in
June Residential Highlights The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings