May 2020 - Market Action Report - Portland, OR

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.

We have 2.3 months of home inventory which is still very low.  The year to date median sales price is UP 4.1% at $419,000, over this same period last year. 

May 2020 vs May 2019
New Listings are down 30.3%
Pending Sales are down only 5.5%
Closed Sales are down 33.9%

However, homes are typically selling about about 10 days FASTER than this period last year.