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