First American Market Report

Portland, OR

Single-Family Homes

First American Title Company | www.firstam.com



Portland, OR

Sun May 31 2020
This week the median list price for Portland, OR is $610,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 1,208. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sun May 31 2020
This week the median list price for Portland, OR is $610,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 1,208. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $610,000
Per Square Foot $259
Days on Market 90
Price Decreased 33%
Price Increased 3%
Relisted 11%
Inventory 1,208
Median Rent $2,200
Most Expensive $8,650,000
Least Expensive $65,000
Market Action 48
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,107,500 3,844 0.25 - 0.5 acre 4 3 32 25 18 130
$719,450 2,848 4,500 - 6,500 sqft 4 3 30 41 36 91
$515,368 2,167 4,500 - 6,500 sqft 3 2 62 64 65 65
$350,000 1,346 4,500 - 6,500 sqft 3 1 65 68 80 72