News & Notes ~ June 2018

What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.

Here is your look at the most recent data for the entire Portland area (June):

  • According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
    • There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
    • At 2,946, June Closed Sales fell  7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
    • June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of  3,201.
    • The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.   

Neighborhoods: June’s Average Sale Price + 12-month Appreciation :

  • North Portland:  $430,100               6.7%   (May 418,700)
  • NE Portland:  $490,000                     7.0%   (May 504,700)
  • SE Portland:  $443,600                      6.7%   (May 404,900)
  • Gresham/Troutdale:   $357,900    10.4%   (May 346,000)
  • Milwaukie/Clackamas:  $434,100  6.6%   (May 427,900)
  • Oregon City/Canby:   $434,100       7.1%   (May 435,800)
  • Lake Oswego/West Linn:$685,700 8.8%   (May 718,200)
  • West Portland:    $635,600               1.7%   (May 603,300)
  • NW Wash County:  $572,200           5.2%   (May 564,500)
  • Beaverton/Aloha:     $400,100         8.8%   (May 388,700)
  • Tigard/Wilsonville:   $481,500         9.1%   (May 471,700)
  • Hillsboro/Forest Grove: $409,900   9.1%   (May 397,400)