First American Market Report

Portland, OR

Single-Family Homes

First American Title Company | www.firstam.com



Portland, OR

Fri Feb 28 2020
This week the median list price for Portland, OR is $615,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has held steady at or around 789. 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.

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.

Portland, OR

Fri Feb 28 2020
This week the median list price for Portland, OR is $615,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has held steady at or around 789. 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.

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

Never miss important changes in the Portland market.
Median List Price $615,000
Per Square Foot $261
Days on Market 122
Price Decreased 34%
Price Increased 5%
Relisted 17%
Inventory 789
Median Rent $2,090
Most Expensive $8,650,000
Least Expensive $85,000
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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 3,850 0.25 - 0.5 acre 4 3 30 24 19 185
$725,000 2,914 4,500 - 6,500 sqft 4 3 25 24 37 126
$500,000 2,053 6,500 - 8,000 sqft 3 2 56 52 65 93
$359,450 1,404 4,500 - 6,500 sqft 3 2 60 60 73 81