Portland, OR Housing Update – December 2017

The Portland metro area saw mixed numbers this December, but new listings made gains compared to December 2016. New listings showed a 13.8% increase compared to December 2016, despite a 33.1% decrease from last month in November 2017. This was the strongest December for new listings in the Portland metro area since 2011, when 1,700 new listings were offered.

Activity in 2017 was a little cool compared to 2016. New listings decreased 0.8%, closed sales decreased 3.6%, and pending sales decreased 5.7%.

Prices continued to rise in the Portland metro area in 2017. Comparing the entirety of 2017 to 2016, the average sale price rose 8.5% from $395,000 to $428,700. In the same comparison, the median sale price rose 9.5% from $347,000 to $379,900.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment spam protected by SpamBam