June Housing Numbers

RMLS Market Numbers for June are in! The Portland market has cooled a bit, with inventory increasing slightly and pending sales dropping, but prices continue to rise throughout the metro area.

New listings picked up in June – marking the strongest June for new listings since 2008. Pending sales were down almost 5% from May and inventory increased slightly to 1.5 month – indicating a slight slowing of the market here in Portland. Despite this, prices continue to rise with the average home price increasing to $412,000 and median price increasing to $362,000 – the highest we’ve seen this year and over 15% higher than last year.

Reflecting the broader market, pending sales dropped in all 4 inner-Portland quadrants, even though prices continue to rise. West Portland saw the largest drop in pending sales (20%) while North Portland had the largest increase in average home price at almost 15%. Popular neighborhoods are still competitive, but we’re seeing less of a frenzy than earlier this year.

Previous Post
Best of Portland!

The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Think Real Estate are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon.

This content was last updated on . Some properties that appear for sale on this web site may subsequently have sold or may no longer be available.
All information provided is deemed reliable but is not guaranteed and should be independently verified.

Real estate data API provided by the Velocity web hosting platform, powered by Benish Design.