Fidelity's Market Report

Portland, OR

Condos/Townhomes

Compliments of Fidelity National Title Company | www.fidelityportland.com



Portland, OR

Mon Jun 17 2024
This week the median list price for Portland, OR is $389,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 909. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Portland, OR

Mon Jun 17 2024
This week the median list price for Portland, OR is $389,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 909. Click here to stay informed with the Portland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Portland market.
Median List Price $389,000
Median Price of New Listings $375,000
Per Square Foot $382
Average Days on Market 101
Median Days on Market 63
Price Decreased 44%
Price Increased 2%
Relisted 6%
Inventory 909
Median Rent
Market Action 31
Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$725,000 1,725 0 - 4,500 sqft 2 2 18 17 11 77
$449,000 1,092 0 - 4,500 sqft 2 2 18 26 23 49
$340,000 923 0 - 4,500 sqft 2 2 18 26 17 56
$265,000 751 0.25 - 0.5 acre 1 1 42 22 17 49