The average home sale price for the Portland Metropolitan area dropped 2.1% this August, decreasing to $506,515 from July’s $517,257. However YTD average sale price is up 8% in comparison to 2016, $499,216 vs $462,415 respectively. It's worth mentioning 7%-8% gain over LY has been the forecasted gain since the start of the year.
Nationally, the market stayed fairly level, only increasing 0.3%. July’s national average rose to $371,200 from June’s average of $370,00. Our local markets continue to remain over $100,000 more than what we are seeing nationally. August’s national averages are not yet out, as the Hasson Company collects its own data to provide you with the most current and relevant market update each month. Click here for more August Statistics!
In comparison to last month:
The number of new listings is down 4.3%
The number of homes sold is up 6.6%
And the number of homes pending is up 0.4%
In comparison to the same time last year:
The number of new listings is down 1.7%
The number of homes sold is up 3.7%
And the number of homes pending is down 6.7%
YTD (Year to Date):
The number of new listings is down 1.2%
The number of homes sold is down 1.9%
And the number of homes pending is down 6.3%