Published June 18, 2019
May 2019 Market Action Report
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.
