June Residential Highlights Pending sales saw the sole gain this June in the Portland metro area. At 3,083, pending sales rose 0.8% compared with June 2018 (3,059) despite decreasing 6.3% from last month in May 2019 (3,292). New listings, at 4,281, fell 5.2% short of the 4,515 new listings offered last year in June 2018 and 12.7% from last month in May 2019 (4,902). Closed sales performed similarly, ending 6.4% under the 2,946 closings recorded in June 2018 and 7.2% below the 2,969 closings from May 2019. Inventory rose slightly to 2.4 months in June. Total market time decreased to 42 days in the same period. There were 6,735 active residential listings in the Portland metro area this June.
Year to Date Summary Activity is mixed so far in 2019 compared with 2018. New listings (22,599) are up 2.4%, while pending sales (15,956) are down 2.1% and closed sales (13,842) are down 4.8%.
Average and Median Sale Prices Comparing 2019 to 2018 through June, the average sale price has increased 0.7% from $453,400 to $456,700. In the same comparison, the median sale price has increased 1.8% from $400,000 to $407,000.
Information ©RMLS 2019
June Residential Highlights June brought some cooler numbers to Southwest Washington, with closed sales eking out the sole gain. There were 796 closings, exactly matching June 2018 but outpacing May 2019 by one closed sale (0.1%). Pending sales, at 881, fell 1.0% short of June 2018 (890) and 2.5% from May 2019 (904). New listings, at 1,102, decreaased 10.6% from the 1,232 new listings offered last year in June 2018 and 13.4% from the 1,272 offered last month in May 2019. Total market time decreased by one day in June to end at 48 days. During the same period, inventory rose slightly to 2.4 months.
Year to Date Summary Activity is mixed in 2019 compared with 2018. New listings (6,200) are up 1.4%, while pending sales (4,644) are steady, and closed sales (4,013) are down 3.1%.
Average and Median Sale Prices Comparing 2019 to 2018 through June, the average sale price has increased 3.5% from $387,300 to $400,900. In the same comparison, the median sale price has increased 4.0% from $351,000 to $365,000.
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!