|Status: Active3029 SE STARK ST, Portland, Oregon$369,0005 Bedrooms3 Bathrooms [ 2 Full,1 Half]LISTING MLS ID: 13570323Listing Courtesy of: Knipe Realty NW, Inc. |
|Status: Active5010 SW SAUM WAY, Tualatin, Oregon$3290003 Bedrooms3 Bathrooms [ 2 Full,1 Half]LISTING MLS ID: 13275954Listing Courtesy of: Knipe Realty NW, Inc. |
|Status: Active19720 S POLEHN DR, Oregon City, Oregon$525,0004 Bedrooms3 Bathrooms [ 3 Full, Half]LISTING MLS ID: 13658121Listing Courtesy of: Knipe Realty NW, Inc. |
|Status: Pending1825 VALLEY VIEW DR$369,0004 Bedrooms3 Bathrooms [ 3 Full, Half]LISTING MLS ID: 13437648 Listing Courtesy of: Brook Hogan |
|Status: Pending22673 SW COWLITZ DR$529,0004 Bedrooms3 Bathrooms [ 3 Full, Half]LISTING MLS ID: 13676346Listing Courtesy of: Brook Hogan |
|Status: Just Sold2036 SE TAYLOR ST$610,0004 Bedrooms2 Bathrooms [ 1 Full,1 Half]LISTING MLS ID: 13260512 Listing Courtesy of: Brook Hogan |
|Status: Just Sold5995 SW SEQUOIA DR $399,9004 Bedrooms3 Bathrooms [ 2 Full,1 Half]LISTING MLS ID: 12547772Listing Courtesy of: Brook Hogan |
Portland is abuzz with real estate activity this spring. New listings continued to rise—at 3,623, the number of new listings for the month was the greatest in any one month since August 2010. This also represented a 20.7% increase over March’s 3,002 new listings. The increase in new listings helped inventory stabilize: the number currently sits at 3.1 months. Average time on market currently stands at 91 days—the last time market time was that low was July 2008. Accepted oﬀers increased this month to 2,942, an 11.9% increase over March (2,628) and 24.4% increase over April 2012 (2,365). Closed sales are up as well, with April’s 2,125 posted sales representing a 9.8% increase over March and 16.6% increase over April 2012.
Year to Date Summary
The Portland metro real estate market continues to have a strong year. There have been 9,314 accepted oﬀers and 7,039 closed sales in 2013, up 16.4% from 8,000 pendings and 12.9% from 6,236 closed sales in the same period last year. The 11,678 new listings this year represent a 4.4% increase from the 11,182 entered by this time last year.
Average and Median Sale Prices
The average sales price so far this year was $293,600, up 15.3% from the same period in 2012, when the average was $254,600. In the same comparison, the median increased 15.6% from $216,200 last year to $250,000 in the ﬁrst four months of 2013.
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