Statistics are done as year over year up to the final day of that month.
New Listings: 3,648 in March 2018 vs. 3,604 in March 2017: Up 1.2%
Pending Sales: 2,894 in March 2018 vs. 3,043 in March 2017: Down 4.9%
Closed Sales: 2,371 in March 2018 vs. 2,494 in March 2017: Down 4.9%
Average Sale Price: $445,900 in March 2018 vs. $428,400 in March 2017: Up 4.1%
Median Sales Price: $395,000 in March 2018 vs. $370,000 in March 2017: Up 6.8%
Total Market Time: 55 Days in March 2018 vs. 58 days in March 2017: Down 5.0%
Inventory in Months: 1.6 Months in March 2018 vs. 1.3 Months in March 2017
There were 3,844 Active listings in the Portland Metro Area in March 2018
Prices continue to rise in the Portland Metro Area. Portland is one of the few markets that has outpaced the national average in terms of price appreciation and consecutive years. For nearly a decade, homeowners in Portland have gained more equity than those living in other parts of the country.
Question is, is it a good time to sell? Yes, Its a great time to sell! Some homes are selling for thousands over list price! But, if I sell now will I be able to buy anything else? Its about having a strategic plan in place to put you in the best possible position to buy. So Yes, its a great time to buy now too. and Interest rates are still at historic lows.