Portland Market Update

Metro Highlights

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.

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August 20, 2016 Average Residential Sales Price and Appreciation1 by Area

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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