Linda Rossi – March 18, 2019
Overview/Fluctuations Here is your look at the most recent data for the entire Portland area, February 2019.
According to the RMLS Market Action Report for the Portland Metro Area:
- There were 2,444 New Listings in February 2019 which was down 3.4% from February of 2018’s 2,530, & also down a whopping 19.8% from the previous month /January’s total of 3,048. ***This was the coolest February since 2014 when the New Listings in Feb were 2,354.
- At 1,726 February 2019’s Closed Sales were mixed. They cooled 4.4% from February 2018’s 1,806, BUT, rose a substantial 19.0 % from the previous month /Jan 2019’s total of 1,451.
- February 2019’s Pending Sales (accepted offers), at 2,208 were also mixed: Down 5.5% down from February of 2018’s 2,337, AND, ahead 8.0% from the previous month/Jan 2019’s total of 2,045.
- Average Sale Price in February 2019 of $441,100 was basically unchanged / down just slightly ($800.00!) from last year/February 2018’s $441,900, and up from the previous month/Jan 2019’s $435,600 by $5,500.
- “Median” Sale Price (so…the price smack dab in the middle of all sales) February 2019 of $399,900 was up $14,900.00 from last year/February 2018’s $385,000, and also up about the same, $15,000, from the previous month/Jan 2019’s $384,900.
Neighborhoods:
February’s Average Sale Price + 12-month Appreciation (and YTD Median):
- North Portland: $427,800 2.5% (Jan 403,900) YTD Median: $395,500
- NE Portland: $462,400 3.2% (Jan 439,500) YTD Median: $393,300
- SE Portland: $404,600 4.5% (Jan 390,000) YTD Median: $359,900
- Gresham/Troutdale: $348,400 5.7% (Jan 349,300) YTD Median: $349,900
- Milwaukie/Clackamas: $413,800 3.0% (Jan 410,500) YTD Median: $395,600
- Oregon City/Canby: $424,700 7.0% (Jan 397,100) YTD Median: $393,000
- Lake Oswego/West Linn:$677,000 1.9% (Jan 664,200) YTD Median: $547,000
- West Portland: $551,000 1.7% (Jan 589,800) YTD Median: $525,000
- NW Wash County: $504,300 1.3% (Jan 559,600) YTD Median: $510,000
- Beaverton/Aloha: $413,800 8.6% (Jan 393,900) YTD Median: $380,000
- Tigard/Wilsonville: $469,400 6.5% (Jan 440,100) YTD Median: $435,000
- Hillsboro/Forest Grove: $379,600 5.0% (Jan 391,500) YTD Median: $369,900