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September 2017 Portland Real Estate Market Report

August 2017 is a Seller’s market*

Home For Sale in August 2017: 2095 units.

Up 1.9% compared to the last month
Up 17.4% compared to the last year

Home Closed in August 2017: 1005 units.

Down 0.6% compared to the last month
Down 11.5% compared to the last year

Home Placed under Contract in August 2017: 1019 units.

Up 1.8% compared to the last month
Down 6.8% compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

August 2017 Average Sold Price per Square Footage is Depreciating*

Average Sold Price per Square Footage in August 2017:$246

Down 2% compared to the last month
Down 1.6% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

August 2017 Average Days on Market trend Remains Steady*

Average Days on Market in August 2017: 24

Up 14.3% compared to the last month
Up 4.3% compared to the last year

August 2017 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in August 2017: 99%

Down 1% compared to the last month
Down 1% compared to the last year

*Based on 6 month trend – Rising/Falling/Remains Steady

August 2017 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in August 2017: $612

Down 2.2% compared to the last month
Up 6.8% compared to the last year

August 2017 Average Sold Price is Neutral*

Average Sold Price (in thousand) in August 2017: $465

Down 3.7% compared to the last month
Down 0.4% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral

August 2017 is a Seller’s market*

Months of Inventory based on Closed Sales in August 2017: 2.1

Up 4.9% compared to the last month
Up 31.8% compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

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