Fri Mar 05 2021
This week the median list price for Portland, OR is $672,000 with the market action index hovering around 70. This is an increase over last month's market action index of 66. Inventory has held steady at or around 518.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$672,000|
|Per Square Foot||$286|
|Days on Market||21|
|Strong Seller's Market|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,295,000||4,183||0.25 - 0.5 acre||5||3||31||15||16||84|
|$795,000||2,925||4,500 - 6,500 sqft||4||3||50||27||26||28|
|$569,000||2,074||4,500 - 6,500 sqft||3||2||74||57||39||7|
|$392,499||1,359||4,500 - 6,500 sqft||3||1||70||54||45||7|