PDX July 2016 Market Update

Overview of Portland Market:

> Strongest June for new listings since June 2008!

Intro

I have uploaded the Monthly Market Snapshot to my website.

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*

072016_Market Update

In-Depth Data*

  • Closed Sales: Outpaced May 2016 sales by 9.0%.

072016_Closed Sales

  • New Listings: Uptick in new listings with an 8.6% increase over last month.

072016_New Listings

  • Active Listings: There were 4,762 active residential listings in the Portland metro area at the end of June 2016, the highest inventory so far in 2016.

072016_Active Residential Listings

  • Days On Market: Total Days on Market is now at 33 days.

072016_Days On Market

  • Average Sale Price: The average sale price of a home in the area has increased by 11.9% year-over-year.

072016_Sale Price

  • Inventory: The current home inventory is at 1.5 months.

072016_Inventory

*Source: RMLS Market Action (June 2016 Reporting Period; published in July 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 #BuyNow #HireaPro

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