Month: February 2019

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News & Notes ~ Jan 2019 Numbers

Linda Rossi – February 15, 2019

 

Overview/Fluctuations

Here is your look at the most recent data for the entire Portland area, January 2019.

According to the RMLS Market Action Report for the Portland Metro Area:

  • There were 3,048 New Listings in January 2019 which was up 22.0% from January of 2018’s 2,486, and more than double the previous month/Dec of 2018’s total of 1,255 .
  • At 1,451 January 2019’s Closed Sales cooled  10.9% from January 2018’s 2,311, and also 21.4 % from the previous month/Dec 2018’s total of 1,846.
  • January 2019’s Pending Sales (accepted offers), at 2,045 are down 11.5% down from January of 2018’s 2,311, and surged ahead 27.9% from the previous month/Dec 2018’s total of  1,599.
  • The Average Sale Price in January 2019 of $435,600 was down slightly/ $800.00 from last year/January 2018’s $436,400, and also down a little from the previous month/Dec 2018’s $438,600 by $3,000.  
  • The Median Sale Price in January 2019 of $384,900 was down $5,100.00 from last year/January 2018’s $390,000, and also down the same from the previous month/Dec 2018’s $390,000.   

Neighborhoods

January’s Average Sale Price + 12-month Appreciation (+Dec Avg + YTD Median):

  • North Portland:  $403,900              2.8%   (Dec 388,700)  YTD Median: $379,500
  • NE Portland:  $439,500                    3.5%   (Dec 450,600)  YTD Median: $370,000
  • SE Portland:  $390,000                     5.5%   (Dec 425,900)  YTD Median: $357,000
  • Gresham/Troutdale:   $349,300     6.5%   (Dec 338,500)  YTD Median: $346,300
  • Milwaukie/Clackamas:  $410,500  3.6%   (Dec 427,500)  YTD Median: $389,900
  • Oregon City/Canby:   $397,100       6.4%   (Dec 428,600 ) YTD Median: $366,500
  • Lake Oswego/West Linn:$664,200 2.3%   (Dec 636,300)  YTD Median: $532,500
  • West Portland:    $589,800                3.1%   (Dec 588,800)  YTD Median: $525,000
  • NW Wash County:  $559,600            1.8%   (Dec 483,400)  YTD Median: $572,500
  • Beaverton/Aloha:     $393,900         8.8%   (Dec 381,600)  YTD Median: $365,000
  • Tigard/Wilsonville:   $440,100         6.3%   (Dec 459,600)  YTD Median: $410,000
  • Hillsboro/Forest Grove: $391,500  5.5%   (Dec 382,100)  YTD Median: $372,500