Linda Rossi – June 25, 2018
Happy Summertime!
Here is your look at the most recent data for the entire Portland area (May):
According to the RMLS Market Action Report for the Portland Metro Area, May, 2018:
- There were 4,665 New Listings in May 2018 which was up 6.3% from May of 2017’s 4,388, and up 16.9% from the previous month/April of 2018’s total of 3,990. ***This was the strongest may for New Listings since 2008 when the number was 5,182.
- At 2,803, May Closed Sales fell 3.2% from May 2017’s 2,896, and/but were up 11.1% from the previous month/April 2018’s total of 2,523.
- May’s Pending Sales (accepted offers), at 3,201 dropped 6.8% from May of 2017’s 3,435, but were up 6.4% from the previous month/April 2018’s total of 3,008
- The Average Sale Price in May of $460,700 was up $20,500 from May 2017’s $440,200, and also up from April 2018’s $452,000 by $8,700.
Neighborhoods: May’s Average Sale Price + 12-month Appreciation :
- North Portland: $418,700 5.7% (Apr 428,500)
- NE Portland: $504,700 7.0% (Apr 491,000 )
- SE Portland: $404,900 7.3% (Apr 422,400)
- Gresham/Troutdale: $346,000 10.9% (Apr 348,400)
- Milwaukie/Clackamas: $427,900 8.3% (Apr 430,200 )
- Oregon City/Canby: $435,800 7.4% (Apr 419,300)
- Lake Oswego/West Linn:$718,200 7.5% (Apr 630,500)
- West Portland: $603,300 1.2% (Apr 598,800)
- NW Wash County: $564,500 5.0% (Apr 525,700)
- Beaverton/Aloha: $388,700 8.9% (Apr 394,600)
- Tigard/Wilsonville: $471,700 8.8% (Apr 491,900)
- Hillsboro/Forest Grove: $397,400 8.4% (Apr 389,700)