2020-05-21 Portland Market Update

We are releasing updates a little more regularly due to the real estate market changing so quickly in response to changing guidelines related to COVID-19.  Check out our video and notes below so see what's going on!

All Portland Metro Area

                                 April 15 – 30, 2020          May 1 – 14, 2020          May 1 – 14, 2019
New Listings                    1487                                 1349                                1457

Pending Sales                  1111                                 1212                                1281

Pending of Listings
since May 1st                    467                                    412
 
Sold                                    955                                    687
 
 
Sentrilock Activity (Showings) – Average this time of Year is 25,000
Bottom week was Week Ending 4/5/20 at 10,493

Week Ending
5/3/20                  16,540                   11.5% increase over the previous week
5/10/20                17,132                     3.6% increase over the previous week
5/17/20                18,566                     8.4% increase over the previous week
 
The one thing I’ve learned in almost 32 years in real estate is that houses are sold every day, in both good and bad markets!
 
The “Big Why” doesn’t change:

• Out growing your home
• Need a different school district
• Downsizing

 
Now is a really good time to put your home on the market, particularly if you want to move before the new school year!
 
Stay Well and Stay Healthy!