By The Numbers

 
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February 2018 Update:
Values Continue to Rise.


⬆︎ 0.4%

New Listings

New listings (2,530) saw gains in February, outpacing February 2017 (2,521) by 0.4% and January 2018 (2,486) by 1.8%.


⬇︎ 1.4%

Pending Sales

Pending sales, at 2,337, fell 1.4% short of the 2,369 offers accepted last year in February 2017 but inched 1.1% ahead of the 2,311 offers accepted last month in January 2018.


⬆︎ 8.2%

Closed Sales

Closings had a strong month this February in the Portland metro area. There were 1,806 closed sales, a 8.2% increase over February 2017 (1,669) and a 10.9% increase over January 2018 (1,628).


⬆︎ 1.9 Mos

Time On Market and Inventory

Total market time increased by nine days in February, ending at 69 days. Inventory decreased slightly to 1.9 months in the same month. There were 3,441 active residential listings in the Portland metro area this February.


⬆︎ 9.4%

Property Values

Comparing the average price of homes sold in the twelve months ending February 28th of this year ($432,200) with the average price of homes in the twelve months ending February 2017 ($402,000) shows an increase of 7.5%. In the same comparison, the median has increased 9.4% from $350,000 to $383,000.


 

Buying?  Selling?  Let Us Help!

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With over a decade of experience, countless successful transactions under our belt, and the testimonials to prove we do things right, it would be our pleasure to help you buy or sell your next home.  Please feel free to call me on my cell at 503-730-0702 or use the form below.


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