First American Market Report

Portland, OR

Single-Family Homes

First American Title Company | www.firstam.com



Portland, OR

Mon Jul 22 2019
This week the median list price for Portland, OR is $550,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 1977. Click here to stay informed with the Portland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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

Mon Jul 22 2019
This week the median list price for Portland, OR is $550,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 1977. Click here to stay informed with the Portland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 $550,000
Per Square Foot $245
Days on Market 83
Price Decreased 48%
Price Increased 2%
Relisted 14%
Inventory 1977
Median House Rent $2,250
Most Expensive $8,650,000
Least Expensive $13,900
Market Action Index
Strong Seller's Market
45

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
$985,000 3,742 0.25 - 0.5 acre 4 3 35 58 39 127
$649,900 2,696 4,500 - 6,500 sqft 4 2 58 71 45 83
$485,438 2,114 4,500 - 6,500 sqft 3 2 60 116 67 59
$349,900 1,440 4,500 - 6,500 sqft 3 1 65 114 86 64