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- Closed Sales: Cooler month with 2.6% less closed sales than June 2016 and 5.5% less than July 2015.
- New Listings: Although there were fewer listings than last month (2.9%), it was a better than July 2015 by 2.3%.
- Active Listings: There were 5,360 active residential listings in the Portland metro area at the end of July 2016. The inventory keeps growing!
- Days On Market: Total Days on Market is now at 32 days.
- Average Sale Price: The year-over-year average sale price of a home in the area has increased by 11.4%.
- Inventory: The current home inventory is at 1.9 months, thanks to the increase in new listings.
*Source: RMLS Market Action (June 2016 Reporting Period; published in August 2016)
My 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@ today to start making your real estate dreams reality!
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