• Skip to main content
  • Skip to primary sidebar

Ashley Realty Works

Portland Real Estate Experts

PORTLAND REAL ESTATE EXPERTS 503.495.5776

  • About
  • Search
    • West Portland
    • East Portland
    • North Portland
    • Lake Oswego/West Linn
    • All Portland Areas
  • Properties
    • Featured Portland Listings
    • Portland MLS Home Search
    • Portland Map Search
    • Portland Home Market Report
    • Sold Properties Listed by Ashley Realty Works
  • Contact
  • Members
You are here: Home / Real Estate Market / Portland Real Estate Market Action Report- May 2018

Portland Real Estate Market Action Report- May 2018

New listings made some gains this May in the Portland metro area. At 4,665, new listings outpaced May 2017 (4,388) by 6.3% and rose 16.9% from last month in April 2018 (3,990). This was the strongest May for new listings since 2008, when 5,182 were offered in the month.  Closed sales (2,803) fell 3.2% short of the 2,896 closings recorded last year in May 2017 but showed a 11.1% increase from last month in April 2018 (2,523).  Pending sales (3,201) fared similarly, decreasing 6.8% from May 2017 (3,435) but rising 6.4% from April 2018 (3,008). Inventory in the Portland metro area rose to 1.9 months in May. During the same time, total market time decreased by five days to end at 37 days.

Year to Date Summary Activity so far in 2018 is a little mixed compared to 2017. New listings (17,506) are up 4.9%. Closed sales (11,492) are down 0.2%, and pending sales (13,360) are down 0.8%. Average and Median Sale Prices Comparing 2018 to 2017 through May of each year, the average sale
price rose 5.9% from $423,800 to $448,600. In the same comparison,the median sale price rose 8.0% from $370,000 to $399,500.

Filed Under: Around Portland, Community, Portland Local, Real Estate Market

How Can We Help?

The Ashley Realty Works team are dedicated, experienced Portland Oregon real estate professionals and we look forward to helping you find the home you’ve always dreamed of or sell your home fast to move forward on your own journey.

Let us help you take the next step.

SCHEDULE A CALL TODAY!

Primary Sidebar

ashley-realty-works-remax-equity-group-portland-oregon

MEET THE TEAM
Karoline and Wick have grown Ashley Realty Works to be one of Metro Portland area's top real estate teams. Call for a consult today!
503-495-5776

Search Portland Homes

$
$
SEARCH >
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

GRAB A COFFEE >

  • About
  • Search
  • Properties
  • Contact
  • Members

Copyright © 2023 Ashley Realty Works. All Rights Reserved. #BuiltByBobbie