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Portland Metro Area Real Estate Market Trends Update – December 2017

RMLS Market Action Statistics-December 2017Our local multiple listing service (RMLS) released their real estate Market statistics for November covering the Portland metro area. Based on the latest data the market presently continues to be a sellers market overall with inventory at 1.9 months in November which is up slightly from the 1.8 months worth recorded last November 2016. The market for lower priced homes (under $350k) remains firm while the market for higher priced homes is softening as you go up in price.

Comparing market activity to a year ago, pending & closed sales were up 5% and down 2% respectively while active listings was up 6%. The median sale price of $377,000 in November was up 7.2% from the year prior but down from the previous 7 months.

Within the tri-county area (Clackamas, Multnomah & Washington) home inventory is currently lowest in Beaverton/Aloha (Area 150) at only 1.1 months and highest in Lake Oswego/West Linn (Area 147) at 3.5 months. The lowest median sale price is currently in Gresham/Troutdale (Area 144) at $334,500 and the highest is $585,300 in Lake Oswego/West Linn (Area 147).

Average days on market, the period of time from when a property goes on the market to when it goes sale pending, increased to 51 days in November which is 6 days more than was recorded a year ago.

Click here to download a PDF document with a detailed graphical breakdown of the numbers for all MLS areas in the Portland metro area.

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Portland Real Estate Listings

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Portland Oregon Metro Real Estate Market Statistics   Portland Oregon Metro Real Estate Market Statistics



This post first appeared on Portland Oregon Real Estate And Homes | Executive, please read the originial post: here

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Portland Metro Area Real Estate Market Trends Update – December 2017

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