PDX May 2016 Real Estate Market Update

Overview of Portland Market:


Sellers: Find out the value of your home in today’s market; contact me today for a FREE Home Valuation.

Buyers: Connect with me for a FREE Consult about this market; ask about how you can make your offer stand out!

Mobile App: Monitor the market directly from your smartphone. This GPS-based mobile app is one of the best in the market!

Key Data*

Market Update

In-Depth Data*

  • Closings and Accepted Offers: It was below last year’s April but 1.8% ahead of March 2016.

Closed Sales

  • New Listings: There’s an uptick in the number of new listings; it rose 19.7% above the new listings offered last month.

New Listings

  • Active Listings: There were 3,721 active residential listings in the Portland metro area at the end of April 2016.

Active Residential Listings

  • Days On Market: Total Days on Market went down to 43 days.

Days On Market

  • Average Sale Price: The average sale price of a home in the area is at $365,100 which is an 8.7% increase year-over-year.

Sale Price

  • Inventory: The current home inventory is at 1.4 months! A balanced market offers a 5 to 6 months inventory. This is still seller’s market.


*Source: RMLS Market Action (April 2016 Reporting Period; published in May 2016)


Marie Conser Broker John L Scott Sunset CorridorMy name is Marie Conser and I help people buy, sell and invest in real estate in the Portland Metro area. I specialize in the residential real estate market in West Portland, particularly: Cedar Mill, Oak Hills, Bethany, Rock Creek, Forest Heights, Beaverton and Hillsboro. Whether buying or selling, be it your first home, your last home, or building your investment portfolio, I can’t wait to help you achieve your goals.
Call, text or email me at marieconser@johnlscott.com today to start making your real estate dreams reality!

#PdxRealEstate #PdxRealtor #Whatsmyhouseworth #SellNow #HireaPro


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s