June 2020 (May Data)
The data is consistent with what I am experiencing in the last couple of weeks.  Buyers are getting out and taking advantage of the great mortgage rates and Sellers are working hard and fast to get their homes on the market. 

Economists are saying that Real Estate will lead the recovery as values held on and did not fluctuate the way the stock market did.  I am watching to see if investors pull out of the stock market and move to real estate....some have already started that transition.

Sales prices have been pretty flat over this time last year but days on market have gone down with homes selling quickly.  New listings are ups 20% over last month for some much-needed inventory, but flying off the market reducing months of inventory to 2.3 months.

This Summer is going to be the NEW Spring selling season for Real Estate - are you thinking of buying or selling? We can still do safe showings for those buyers with an immediate need. 
Please do not hesitate to ask for more information.  It will certainly be interesting to see next month's numbers.

June 2020 - May.pngPortlandMetroArea June_Page_2.jpg
PortlandMetroArea June_Page_2.jpg

May 2020 (April Data)
We finished the month with 2.4 months of inventory, up from 1.8 from last month.  
Mortgage rates have continued to historical LOWs increasing "Buyer Purchasing Power" yet the COVID has driven real estate to pick up quickly in the VIRTUAL WORLD! 

We can still do safe showings for those buyers with an immediate need. 
Please do not hesitate to ask for more information.  It will certainly be interesting to see next month's numbers.


APRIL 2020 (March Data)

We finished the month with 1.8 months of inventory, down from 1.9 from last month.  
Year to Date Summary:
Comparing the first three months of 2020 to the same period in 2019, new listings (9,041) have held steady, pending sales (6,935) increased by 1.1%, and closed sales (6,048) have increased 10.5%.




MARCH 2020 (February Data)
We finished the month with 1.9 months of inventory, down from 2.2 from last month.  
Mortgage rates have continued to historical LOWs increasing "Buyer Purchasing Power"! 







FEBRUARY 2020 (January Data) 
We finished the month with 2.2 months of inventory. Inventories remain low and mortgage rates have gone lower increasing "Buyer Purchasing Power"! 

Average and Median Sale Prices:
 
Comparing January 2020 to January 2019, the average sale price has increased by 6.3% from $435,600 to $463,000. In the same comparison, the median sale price has increased by 5.5% from $384,900 to $406,000.  







JANUARY 2020 (December Data)
We finished the year with 1.8 months of inventory - lowest yet for 2019!







DECEMBER 2019 (November Data)