We hope you all are safe and happy and are able to get back to a more normal life.
We have good news regarding the real estate market as it continues to response to changing guidelines related to COVID-19. Check out our video and notes below so see what's going on!
These statistics are for the Portland, Oregon Metro Area excluding Yamhill and Columbia Counties & Mount Hood Area.
5/15 – 5/31/19 5/15 – 5/31/20
1570 1592 Increase of 1.4%
6/01 – 6/15/19 6/01 – 6/15/20
1310 1684 Increase of 28.5% !!
The Real Estate Market is certainly starting to pick up.
You’re going to hear that Closed Sales are significantly down in the month of May, and that’s true (they are down 34% from May 2019). BUT that is because the homes closing in May are from those that went Pending in late March and April when the COVID restrictions went into place and caused many buyers and sellers to hold back on their plans.
Days on the Market is down to 38 Days on average.
Jan – May 2019 Jan – May 2020
Average Sale Price $452,700 $465,600 Increase of 2.8%
Median Sale Price $402,400 $419,000 Increase of 4.1%
Many times, we are dealing with multiple offers because of the low inventory of homes for sale.
If you, or someone you know, are thinking about making a move, maybe you’ll be working from home more often and need office space, or you want the kids in a new school district, give us a call.
We are happy to help and never too busy for your referrals!
Did you know that sleep is a huge part of any self-care routine? It’s an easy thing to overlook, especially if stress has you tossing and turning or spending late nights on Netflix. To truly reset and refocus after a difficult time, you need to physically refresh with some quality shuteye. Below is some information to help you understand how sleep works and some tips on how to adjust your routine for better night’s rest. You’ll start feeling more refreshed and re-centered in no time!
Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of May 2020. Click on the image below to see the full seven page detailed report.
The events of the past few months have been unparalleled. Now more than ever, it is important to stay on your A-game and keep your spirits lifted. Be sure to spend some time taking care of yourself!
As you continue to navigate your personal situation, we want to share some tips for focusing on your own well-being. The information we're sending this month includes ways to reset your goals and to reboot your routine so that you feel recharged and ready to support your family, friends and community. You’ll also learn a few helpful ways to practice self-care, so that your emotional wellness remains in great shape.
While we can’t control what happens to us, we can control how we view those situations. We hope this information helps you and your family stay strong, hopeful and encouraged as you move through your daily lives. If we can help in anyway, please do not hesitate to call!
Portland Metro News
Come here to get updates on local real estate market information, community events, and helpful tips for homeownership in the Portland, OR region.