Blog Stories March 2018 Portland Real Estate Market Report

March 2018 Portland Real Estate Market Report

By Living Room Realty, March 8, 2018

February 2018 is a Seller’s market*

Home For Sale in February 2018: 1236 units.

Down 4% compared to last month
Up 21.4% compared to last year

Home Closed in February 2018: 625 units.

Up 4.2% compared to last month
Up 2.1% compared to last year

Home Placed under Contract in February 2018: 789 units.

Up 3.1% compared to last month
Down 4.5% 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

February 2018 Average Sold Price per Square Footage is Neutral*

Average Sold Price per Square Footage in February 2018:$249

Up 2.5% compared to last month
Up 5.5% compared to last year


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

February 2018 Average Days on Market trend is Rising*

Average Days on Market in February 2018: 50

Up 13.6% compared to last month
Up 11.1% compared to last year


February 2018 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in February 2018: 96%

0% compared to last month
Down 2% compared to last year


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

February 2018 Average For Sale Price is Appreciating*

Average For Sale Price (in thousand) in February 2018: $658

Up 2.5% compared to last month
Up 2.3% compared to last year

February 2018 Average Sold Price is Neutral*

Average Sold Price (in thousand) in February 2018: $479

Up 3.9% compared to last month
Up 9.9% compared to last year

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

February 2018 is a Seller’s market*

Months of Inventory based on Closed Sales in February 2018: 2

Down 4.7% compared to last month
Up 18% 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

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