May Residential Highlights May brought sunny numbers to real estate activity in the Portland metro area. There were 2,969 closed sales, a 5.9% increase over May 2018 (2,803) and a 23.2% increase over April 2019 (2,409). This was the strongest May for closings in the area since 2006, when 3,054 were recorded. Pending sales (3,292) rose 2.8% from May 2018 (3,201) and 6.1% from April 2019 (3,102). There were 4,902 new listings offered, a 5.1% increase from May 2018 (4,665) and a 16.4% increase from April 2019 (4,210). This was the strongest May for new listings since 2008, when 5,182 were offered. Inventory decreased slightly to 2.1 months in May, with total market time decreasing to 48 days in the same period.
Year to Date Summary Activity is mixed so far in 2019 compared with 2018. New listings (18,257) are up 4.3%, while pending sales (13,011) are down 2.6% and closed sales (10,986) are down 4.4%.
Average and Median Sale Prices Comparing 2019 to 2018 through May, the average sale price has increased 0.9% from $448,600 to $452,700. In the same comparison, the median sale price has increased 0.7% from $399,500 to $402,400.
Information ©RMLS 2019
May Residential Highlights Southwest Washington saw some mixed activity this May, with some measures falling just short of last May. Pending sales, at 904, increased 2.3% compared with May 2018 and 3.1% compared with April 2019. Closed sales, at 795, fell 0.7% short of the 801 closings recorded last year in May 2018, despite a 17.6% increase over the 676 closings recorded last month in April 2019. New listings, at 1,272, similarly fell 0.8% short of May 2018 (1,282) but had a 11.6% increase over April 2019 when 1,140 new listings were offered. Inventory decreased slightly in May to 2.3 months, and total market time decreased to 49 days.
Year to Date Summary Activity is mixed in 2019 compared with 2018. New listings (5,081) are up 4.5%, whereas pending sales (3,786) are down 0.1% and closed sales (3,187) are down 3.5%.
Average and Median Sale Prices Comparing 2019 to 2018 through May, the average sale price has increased 3.8% from $385,600 to $400,100. In the same comparison, the median sale price has increased 4.1% from $350,000 to $364,400
Information ©RMLS 2019
A benefit for the Audria M Edwards scholarship for LGBTQ kids or children of. June 30th 2019 from noon to 6 pm. I love this so much I became a sponsor when they came back to Washington Park. Come say hello!
This is year three of the festival and year three of my sponsorship! The event is held at venues around the city from July 17-21st; headliners this year are Nico Santos and Scott Thompson, among others!