These statistics are for the Portland, Oregon Metro Area excluding Yamhill and Columbia Counties & Mount Hood Area.

PENDING SALES
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!

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!

Below are the latest Real Estate market statistics for Portland and the Surrounding Areas for the full month of April 2020.  Click on the image below to see the full seven page detailed report.

​Here are the latest Real Estate market numbers for the Portland and surrounding area. The market continues to be very strong with more demand for houses than what’s for sale, leading to multiple offer scenarios and purchase prices above the asking price. The average sales price is up 5% from the same time period last year, new listings, pending sales and closed sales are up while the inventory is down to 1.9 months’ worth. If you’d like more information or clarification on any of these numbers, just give me a call and I’ll be happy to go over them with you.
 
IN A NUTSHELL, if you – or someone you know – are thinking about selling, it’s a great time because there isn’t a lot of competition and mortgage interest rates are still very low at the moment, which allows buyers to pay a bit more for the home and still stay within their budget.
 
So if we can ask a favor, when you run across someone thinking about selling, just call us with their name and number and we’ll take great care of them for you.

​If you are interested in viewing the full detailed report ​click on the image below! ​

Here are the latest Real Estate market numbers for Portland and the surrounding areas. The market continues to be very strong with more demand for houses than what's for sale, leading to multiple offer scenarios and purchase prices above asking price.  The median sales price is up 5.5% from the same period last year, both pending sales and closed sales are up while new listings on the market are down.  If you'd like more information or clarification on any of these numbers, just give us a call and we'll be happy to go over them with you.

In a nutshell, if you - or someone you know - are thinking about selling, it's a great time because there isn't a lot of competition and mortgage interests rates are very low at the moment, which allows buyers to pay a bit more for a home and still stay within their budget.

So, if we can ask a favor, when you run across someone thinking about selling, just call us with their name and number and we'll take great care of them for you.
​
​If you are interested in viewing the full detailed report ​click on the image below!