Market analysis - march 2020

Portland

March Residential Highlights New listings, at 3,468, decreased 1.0% from March 2019 (3,504) and rose 25.7% from February 2020 (2,759). Pending sales (2,347) decreased 14.3% over the 2,738 offers accepted in March 2019, and fell 9.7% from the 2,598 offers accepted last month in February 2020. Closed sales (2,356) rose 7.9% from the 2,183 closings recorded last year in March 2019 and increased 24.2% compared with the 1,897 closings recorded last month in February 2020.

Inventory and Total Market Time Inventory decreased slightly to 1.8 months this March. Total market time decreased to 61 days.

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 1.1%, and closed sales (6,048) have increased 10.5%.

Average and Median Sale Prices Comparing 2020 to 2019 through March, the average sale price has increased 4.1% from $443,500 to $461,600. In the same comparison, the median sale price has increased 5.1% from $395,000 to $415,000.

Information ©RMLS 2020

SW Washington / Clark County

March Residential Highlights There were 1,022 new listings in March 2020, a 0.6% decrease from March 2019 (1,028) and 31.0% more than last month in February 2020 (780). Pending sales (750) decreased 11.3% from March 2019 (846) and rose 4.5% from last month February 2020 when 718 offers were accepted. Closed sales, at 620, decreased 3.0% from March 2019 (639) and increased 20.6% from the 514 closings recorded last month in February 2020.

Inventory and Total Market Time Total market time decreased to 63 days in March. Inventory held steady at 2.1 months.

Year to Date Summary Comparing the first three months of 2020 to the same period in 2019, new listings (2,560) decreased 2.8%, pending sales (2,045) decreased 1.4%, and closed sales (1,678) have increased 1.0%.

Average and Median Sale Prices Comparing 2020 to 2019 through March, the average sale price has increased 5.5% from $398,800 to $420,800. In the same comparison, the median sale price has increased 8.2% from $359,000 to $388,400.