First American Market Report
Portland, OR
Single-Family Homes
First American Title Company | www.firstam.com
Portland, OR
Fri Aug 14 2020
This week the median list price for Portland, OR is $649,950 with the market action index hovering around 56. This is an increase over last month's market action index of 51. Inventory has held steady at or around 1,077.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $649,950 | |
| Per Square Foot | $264 | |
| Days on Market | 91 | |
| Price Decreased | 37% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 1,077 | |
| Median Rent | $2,250 | |
| Most Expensive | $8,650,000 | |
| Least Expensive | $49,999 | |
| Market Action | 56 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,200,000 | 4,231 | 0.25 - 0.5 acre | 4 | 3 | 31 | 33 | 28 | 138 |
| $750,000 | 2,928 | 4,500 - 6,500 sqft | 4 | 3 | 30 | 46 | 35 | 84 |
| $559,000 | 2,294 | 4,500 - 6,500 sqft | 4 | 2 | 63 | 76 | 87 | 65 |
| $376,000 | 1,351 | 4,500 - 6,500 sqft | 3 | 1 | 66 | 92 | 101 | 73 |