PDX August 2016 Market Update

Overview of Portland Market:

> Cooler month since June, yet strongest July since 2008 in terms of new listings!

 

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*

082016_Overview

In-Depth Data*

  • Closed Sales: Cooler month with 2.6% less closed sales than June 2016 and 5.5% less than July 2015.

082016_Closed Sales

  • New Listings: Although there were fewer listings than last month (2.9%), it was a better than July 2015 by 2.3%.

082016_New Listings

  • Active Listings: There were 5,360 active residential listings in the Portland metro area at the end of July 2016.  The inventory keeps growing!

082016_Active Residential Listings

  • Days On Market: Total Days on Market is now at 32 days.

082016_Days On Market

  • Average Sale Price: The year-over-year average sale price of a home in the area has increased by 11.4%.

082016_Sale Price

  • Inventory: The current home inventory is at 1.9 months, thanks to the increase in new listings.

082016_Inventory

*Source: RMLS Market Action (June 2016 Reporting Period; published in August 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

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s