Overview/Fluctuations:

Per RMLS Market Data for the Portland Metro Area, June 2019:

  • There were 4,281  New Listings in June 2019 which was down 5.2%  from June of 2018’s 4,515, and a whopping 12.7% from the previous month/May’s 4,902.
  • At 2,756 June 2019’s Closed Sales were also down at 6.4% under June 2018’s 2,946, and  7.2% increase over the previous month/May 2019’s total of 2,969.
  • June 2019’s Pending Sales (accepted offers), at 3,083 were up a tiny bit at  0.8% over June of 2018’s 3,059, but down 6.3% from the previous month/May 2019’s total of  3,292.
  • The Average Sale Price  in June 2019 of $472,700 rose only slightly at $300.00 over last year/June 2018’s $472,400, and was up just $1,500 from the previous month/May 2019’s $471,200.  
  • The “Median” Sale Price  (the price smack dab in the middle of all sales) in June 2019 of $420,000 was up modestly from last year/June 2018’s $417,900 by $2,100, and exactly the same as the previous month/May 2019’s $420,000 .   

 

Neighborhoods

 

May's Average Sale Price + 12-month Appreciation (and Year-to-Date Median Sale Price):

  • North Portland:  $417,900               0.2%   (May $405,000) YTD Median: $405,000
  • NE Portland:  $491,500                     0.0%   (May $534,500) YTD Median: $429,700
  • SE Portland:  $434,700                      3.4%   (May $433,500)  YTD Median: $375,000
  • Gresham/Troutdale:   $374,900     5.8%   (May $368,200)  YTD Median: $353,500
  • Milwaukie/Clackamas:  $484,200  3.3%   (May $444,600)  YTD Median: $414,000
  • Oregon City/Canby:   $460,900       6.2%   (May $435,700)  YTD Median: $413,000
  • Lake Oswego/West Linn:$702,000 0.2%   (May $695,600)  YTD Median: $580,000
  • West Portland:    $611,000               1.3%   (May $637,800)  YTD Median: $525,000
  • NW Wash County:  $535,000          -1.9%  (May $536,900)   YTD Median: $510,000
  • Beaverton/Aloha:     $411,100         5.8%  (May $414,200)   YTD Median: $390,000
  • Tigard/Wilsonville:   $472,800         2.0%  (May $472,100)   YTD Median: $440,000
  • Hillsboro/Forest Grove: $433,200  3.4%  (May $423,400)   YTD Median: $380,000