September 29, 2016
Average and Median Sale Prices. Prices continue to rise in the Portland metro area. Comparing 2016 to 2015 through August, the average sale price rose 11.2% from $353,200 to $392,600. In the same comparison, the median sale price rose 12.5% from $305,000 to $343,200.
August 20, 2016 Average Residential Sales Price and Appreciation1 by Area
Inventories Have Picked Themselves off the Floor, a Little. We’ll see inventories pick up through the rest of the year, albeit marginally. Look for the best buying opportunities in a year come November. 1 Percent change is based on a comparison of the rolling average sale price for the last 12 months (8/20/2015 – 8/20/2016) with 12 months before (8/20/2014 – 8/20/2015)
Inventory in Months, Portland Metro Area