Roots Realty

Portland, Oregon

(503) 232-2475

Licensed in Oregon

Market Action November 2018

Market Action November 2018

The latest Market Action Report from the Regional Multiple Listings Service (RMLS) is now available. These reports come out monthly & contain a large amount of statistics for real estate in the Portland Metro area. Our market is definitely cooling; Days on Market & Available Inventory are rising, even while prices are still also rising. The data appears to be pointing to a leveling off of the upward trajectory we’ve experienced for the last few years. From the report:

“Comparing 2018 to 2017 through November of each year, the average sale price rose 5.6% from $429,000 to $453,100. In the same comparison, the median sale price rose 5.3% from $379,900 to $400,000.”

Please let us know if you ever have any real estate related questions, we are happy to help.

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