6/15/2019

Overview/Fluctuations

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

  • There were 4,902  New Listings in May 2019 which was up 5.1%  from May of 2018's 4,665, and a whopping 16.4% increase over the previous month/April's 4,210.  (*Strongest May since 2008 which was 5,182.)                                                                                                                                                                                  
  • At 2,969 May 2019's Closed Sales were up 5.9% from May 2018's 2,803, and again, a whopping 23.2% increase over the previous month/April 2019's total of 2,409. (*Strongest May since 2006 which was 3,054.)                                                                              
  • May 2019's Pending Sales (accepted offers), at 3,292 were up 2.8% from May of 2018's 3,201, and also up 6.1% from the previous month/April 2019's total of  3,102.                                                                                                                                                                        
  • The Average Sale Price in May 2019 of $471,200 rose $10,500 from last year/May 2018's $460,700, and was up $19,100 from the previous month/April 2019's $452,100.                                                                                                                                                                      
  • The "Median" Sale Price (the price smack dab in the middle of all sales) in April 2019 of $420,000 was up from last year/April 2018's $409,000 by $11,000, and up $15,000.00, from the previous month/April 2019's $405,000.   

Neighborhoods:

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

  • North Portland:  $426,300               1.6%   (Apr 421,300)     YTD Median: $405,000
  • NE Portland:  $534,500                     0.7%   (Apr 446,800)     YTD Median: $406,500
  • SE Portland:  $433,500                      4.2%    (Apr 422,100)     YTD Median: $373,500
  • Gresham/Troutdale:   $368,200     5.4%    (Apr 390,300)     YTD Median: $353,500
  • Milwaukie/Clackamas:  $444,600  2.6%    (Apr 452,900)     YTD Median: $409,000
  • Oregon City/Canby:   $435,700       6.3%    (Apr 432,800)    YTD Median: $405,000
  • Lake Oswego/West Linn:$695,600 0.9%    (Apr 654,900)    YTD Median: $580,000
  • West Portland:    $637,800               2.3%    (Apr 578,000)    YTD Median: $525,000
  • NW Wash County:  $536,900          -0.4%   (Apr 538,500)    YTD Median: $510,100
  • Beaverton/Aloha:     $414,200         7.5%    (Apr 393,000)    YTD Median: $389,000
  • Tigard/Wilsonville:   $472,100         3.0%    (Apr 467,500)    YTD Median: $435,000
  • Hillsboro/Forest Grove: $423,400   4.2%    (Apr 395,200)    YTD Median: $379,900