Market analysis - may 2020

Portland

May Residential Highlights New listings (3,419) decreased 30.3% from the 4,902 listed in May 2019, and increased 20.1% from the 2,847 listed in April 2020. Pending sales (3,112) decreased 5.5% from the 3,292 offers accepted in May 2019, and increased 52.5% from the 2,041 offers accepted in April 2020. Closed sales (1,963) decreased 33.9% from the 2,969 closings in May 2019, and decreased 2.6% from the 2,015 closings in April 2020.

Inventory and Total Market Time Inventory decreased to 2.3 months in May. Total market time decreased to 38 days.

Year-to-Date Summary Comparing the first five months of 2020 to the same period in 2019, new listings (15,409) decreased 15.6%, pending sales (11,846) decreased 9.0%, and closed sales (10,173) decreased 7.4%.

Average and Median Sale Prices Comparing 2020 to 2019 through May, the average sale price has increased 2.8% from $452,700 to $465,600. In the same comparison, the median sale price has increased 4.1% from $402,400 to $419,000.

Information ©RMLS 2020

SW Washington / Clark County

May Residential Highlights New listings (971) decreased 23.7% from the 1,272 listed in May 2019, and increased 43.9% from the 675 listed in April 2020. Pending sales (892) decreased 1.3% from the 904 offers accepted in May 2019, and increased 49.7% from the 596 offers accepted in April 2020. Closed sales (577) decreased 27.4% from the 795 closings in May 2019, and increased 7.6% from the 536 closings in April 2020.

Inventory and Total Market Time Inventory decreased to 2.3 months in May. Total market time increased to 48 days.

Year-to-Date Summary Comparing the first five months of 2020 to the same period in 2019, new listings (4,225) decreased 16.8%, pending sales (3,438) decreased 9.2%, and closed sales (2,869) decreased 10.0%.

Average and Median Sale Prices Comparing 2020 to 2019 through May, the average sale price has increased 4.8% from $400,100 to $419,400. In the same comparison, the median sale price has increased 6.0% from $364,400 to $386,400.