Market Conditions Ending April 30, 2018

The Portland Metropolitan market conditions ending April 2018 shows the supply of real estate inclined, the demand for housing decreased and the overall value of real estate is appreciating when comparing this year to last year (April 2018 vs April 2017).

Specifically, the current inventory in the Portland Metro area is at 1.8 months, which is an increase when comparing last April 2017. From last month (March 2018) inventory is up .1 months. Further two years ago (ending April 2016) inventory was lower by .4 months. (Inventory is calculated by dividing the total active residential listing at the end of the month by the number of closed sales for that month).

The total current market time resides at 42 days. Last year at this time the total days on market finished at 42 days as well. This reflects no change. (Total market time is calculated by the number of days from when a property is listed to when an offer is accepted on the same property. )

The 12 month rolling average sales price currently reflects an average sales price of $436,800 which is a 7.5% increase (from $406,400) when comparing the rolling average sales price from last year.