The Portland metro area saw some cooler activity this June, but closed sales saw a gain over the last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings recorded last year in June 2017, but outpace May 2018 (2,803) by 5.1%. Even so, June closings were last lower in 2014, when 2,617 were recorded for the month.

New listings, at 4,515, ended 4.7% cooler than in June 2017 (4,739) and 3.2% cooler than last month in May 2018 (4,665).

Pending sales faired similarly. There were 3,059 offers accepted, falling 6% below the 3,254 offers accepted last year in June 2017 and 4.4% below the 3,201 offers accepted last month in May 2018. Inventory rose to 2.1 months in June, with total market time holding steady at 37 days.

Comparing 2018 to 2017 through June of each year, the average sale price rose 6.2% from $427,000 to $453,400. In the same comparison, the median sale price rose 6.7% from $375,000 to $400,000.