April 2020 Portland Real Estate Market Report

March 2020 is a Seller’s market*

Home For Sale in March 2020: 1662 units.
• Up 16.7% compared to last month
• Down 21.9% compared to last year

Home Closed in March 2020: 885 units.
• Up 8.3% compared to last month
• Up 0.5% compared to last year

Home Placed under Contract in March 2020: 916 units.
• Up 0.8% compared to last month
• Down 10.4% compared to 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

For the full market report, click here!