New listings, at 4,210, increased 5.5% over April 2018 (3,990) and a 20.1% increase over the 3,504 offered last month in March 2019. This was the strongest April for new listings in the area since 2010, when 4,713 were offered.

Pending sales, at 3,102, increased 3.1% over April 2018 (3,008) and 13.3% over March 2019 (2,738).

Closed sales, at 2,409, increased 10.4% over March 2019 (2,183) but a decrease of 4.5% from the 2,523 closings recorded last year in April 2018.

Inventory held steady at 2.2 months. There were 5,400 active residential listings in the Portland metro area in April. Total market time decreased to 53 days.

Comparing 2019 to 2018 through April, the average sale price has increased 0.3% from $444,600 to $445,900. In the same comparison, the median sale price has increased 1.2% from $395,000 to $399,600.