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May was a strong month for the Portland real estate market, particularly
for sellers. Both the average sale price and median sales price saw an increase.
This was the strongest May for new listings in the Portland metro area (since
2008) and closings (since 2006). The inventory slightly decreased to 2.1 months
from April, but based off previous years we can assume this will increase for
the summer.
Despite predictions, interest rates have continued to drop. With
new listings continuing to be on the rise and some of the lowest interest rates
we’ve seen in years, June is a great month for both buyers
and sellers.
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By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
