Portland Metro: Market by the Numbers – March 2019

The Portland metro area market has cooled year over year, but still showed strong gains from this February’s data. With 3,504 new listings, we saw 43.4% increase over February 2019 but 3.9% short of the 3,648 new listings offered last March.

Pending sales ended 5.4% below the 2,894 offers accepted last year in March 2018 but rose 24.0% over offers accepted in February 2019. Closed sales fared similarly, ending 7.9% below the 2,371 closings recorded in March 2018 but rising 26.5% from last month’s data.

Inventory decreased to 2.2 months in March, with total market time decreasing to 68 days. There were 4,808 active residential listings on the market in the Portland metro area this March.

Home prices continue to rise with average sale prices (comparing March 31st 2019 with the average price of homes in the twelve months ending March 2018) showing an increase of 4.1%. In the same comparison, the median has increased 3.9% from $385,000 to $400,000.

We’re probably biased, but Portland has some of the best farmer’s markets around! Check out this list to find one near you!
Portland State University : SW Park & Montgomery
People’s Farmer’s Market : 3029 SE 21st Ave
Hollywood : NE Hancock between 44th & 45th
Lloyd : NE Holladay St. between 7th & 9th
Moreland : SE Bybee & SE 14th St.
Milwaukie : Main St & Harrison
Montavilla : SE 76 & Stark
St. John’s Plaza : N. Lombard & N. Philadelphia
Woodstock : 4600 SE Woodstock Blvd
Beaverton : Hall Blvd between 3rd & 5th St
Forest Grove : Main St. between Pacific & 21st
Hillsboro : Main St. between 1st & 3rd
Orenco : Orenco Station Parkway & NE 61st
Cedar Mill : 13427 NW Cornell Rd
Tigard : 8777 SW Burham St.
Lake Oswego : 200 1st St. Millenium Plaza Park
The ever changing real estate market can be difficult to navigate for both buyers and sellers. If you’re in need of professional advice on on purchase or sale of your next home, please get in touch – I’d love to help.


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