Blog Stories November 2018 Portland Real Estate Market Report

November 2018 Portland Real Estate Market Report

By Living Room Realty, November 9, 2018

October 2018 is a Neutral market*

Home For Sale in October 2018: 2625 units.
• Down 6.9% compared to last month
• Up 31.6% compared to last year

Home Closed in October 2018: 826 units.
• Up 7.8% compared to last month
• Down 10.5% compared to last year

Home Placed under Contract in October 2018: 959 units.
• Up 19.1% compared to last month
• Up 8.4% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

CLICK HERE FOR THE COMPLETE MARKET REPORT

 

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