Linda Rossi – December 23, 2018
The holidays are all around us now!
Here is your look at the most recent data for the entire Portland area (Nov) and a neighborhood-by-neighborhood breakdown just below it. (***End-of-Year Numbers/Dec will be out on or about Jan 15th)
According to the RMLS Market Action Report for the Portland Metro Area, November, 2018:
- There were 2,310 New Listings in November 2018 which was down 4.4% from November of 2017’s 2,416, and also down 25.5% from the previous month/Oct of 2018’s total of 3,100 .
- At 2,144, November Closed Sales cooled 10.2% from November 2017’s 2,387, and also 12.1 % from the previous month/Oct 2018’s total of 2,440.
- November’s Pending Sales (accepted offers), at 1,904 are down 19.7% down from November of 2017’s 2,371, and 23.3% from the previous month/Oct 2018’s total of 2,484.
- The Average Sale Price in November of $448,900 was up $23,900 from last year/November 2017’s $425,000, and down a little from the previous month/Oct 2018’s $454,400 by $5,500.
Neighborhoods: November’s Average Sale Price + 12-month Appreciation:
- North Portland: $412,500 4.6% (Oct 428,700)
- NE Portland: $453,100 3.7% (Oct 463,100)
- SE Portland: $425,200 5.3% (Oct 395,200)
- Gresham/Troutdale: $361,600 8.1% (Oct 359,700)
- Milwaukie/Clackamas: $443,400 5.1% (Oct 410,200)
- Oregon City/Canby: $427,200 6.9% (Oct 408,600)
- Lake Oswego/West Linn:$728,5001.4% (Oct 714,500)
- West Portland: $601,000 4.3% (Oct 646,200)
- NW Wash County: $511,700 2.9% (Oct 588,300)
- Beaverton/Aloha: $397,200 8.0% (Oct 398,000 )
- Tigard/Wilsonville: $482,000 6.6% (Oct 454,400 )
- Hillsboro/Forest Grove: $381,300 6.3% (Oct 400,500 )