SkyBlue Portland Real Estate Group
Portland, OR
Single-Family Homes
Jim Bradley 971-804-4618 | Rachel Bradley 503-936-3373
Portland, OR
Sat Jul 11 2020
This week the median list price for Portland, OR is $635,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 1,103.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $635,000 | |
| Per Square Foot | $258 | |
| Days on Market | 92 | |
| Price Decreased | 36% | |
| Price Increased | 2% | |
| Relisted | 11% | |
| Inventory | 1,103 | |
| Median Rent | $2,250 | |
| Most Expensive | $8,650,000 | |
| Least Expensive | $66,000 | |
| Market Action | 48 | |
| Strong Seller's Market | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $1,150,000 | 3,928 | 0.25 - 0.5 acre | 4 | 3 | 31 | 23 | 24 | 141 |
| $733,945 | 2,894 | 4,500 - 6,500 sqft | 4 | 3 | 28 | 56 | 48 | 80 |
| $525,000 | 2,280 | 4,500 - 6,500 sqft | 3 | 2 | 62 | 77 | 66 | 68 |
| $379,000 | 1,420 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 93 | 91 | 79 |