Market Conditions Ending February 31, 2018

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

Specifically, the current inventory in the Portland Metro area is at 1.9 months, which is the same when comparing last Febuary 2017. From last month (January 2017) inventory is down .3 months. Further two years ago (ending Feb 2016) inventory was lower by .1 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 69 days. Last year at this time the total days on market finished at 62 days. This reflects a 11.3% increase. (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 $432,200 which is a 7.5% increase (from $402,000) when comparing the rolling average sales price from last year.