Portland July Real Estate Market Report

Well, the new Portland Real Estate numbers are in for July across PDX and once again it is time to have a look at them. Anyone who has ever worked with me knows that I am a bit of a data geek so writing out this report every month is really exciting!  


As always, if you have any questions about this blog post, or about the real estate market in Portland in general, please don't hesitate to CONTACT us. 

Portland Real Estate Inventory

Inventory levels seems to be the number most real estate professionals focus on, myself included much of the time. Inventory in months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes.

So in other words, it's the current supply of homes available on the market and as you can see it is now at its highest since the year 2016. How does this affect you? This means more choices for buyers and more competition for sellers so the tables are turning a little bit more toward a buyers market. It should be noted however, that 2.4 months of inventory is still very low compared to many other metro reasons. 

Portland Pending Home Sales

Pending sales saw gains this July in the Portland metro area. At 3,071, pending sales outpaced July 2017 (3,040) by 1.0% and June 2018 (3,059) by 0.4%. New listings, at 4,312, outpaced July 2017 (4,202) by 2.6%, but cooled 4.5% when compared with June 2018, when 4,515 new listings were offered.

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Closed sales (2,736) cooled 2.0% from July 2017 (2,793) and 7.1% from June 2018 (2,946). Total market time decreased by one day in July, ending at 36 days. During the same period, inventory increased slightly to 2.4 months. July saw 6,549 active residential listings on the market.

Portland Average Home Price

Activity so far in 2018 is mixed compared to 2017. New listings (26,455) are up 2.8%. Pending sales (19,221) are down 0.9% and closed sales (17,445) are down 2.0%. Average and Median Sale Prices Comparing 2018 to 2017 through July of each year, the average sale price rose 6.0% from $428,000 to $453,600. In the same comparison, the median sale price rose 5.8% from $378,000 to $400,000. 

Andrew Kaiser

My name is Andrew Kaiser, welcome to my site! I have a passion for making images wherever and whenever I can. I seek to capture humanity and the world around me with a focus on the figure. Film, digital, pinhole, and instant photography are all fair game for me.

I grew up in the California Bay Area and started taking photography seriously in High School. I was one of the lucky few who had a chance to go to a high school with a working darkroom and a teacher who understood that making images was an art form – care and patience was a necessity in the image making process from start to finish.

Later in life I attended the University of California in Santa Cruz where I received a Bachelors Degree in the History of Art and Visual Culture. After having my fill of the California sunshine I packed up my life and moved to the Pacific Northwest. I quickly found the overcast skies, lush forests, cooler temperatures, and creative communities to be a perfect match for my work.

Over the years I have exhibited my photographs in several galleries and art shows including the Seattle Erotic Arts Festival and Cascade AIDS Project. I’ve published a few books and taught workshops up and down the west coast of the United States. Through this site I’m hoping to share my work and perhaps inspire others along the way.