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Metro Market News

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Metro Market Report for April 2014

Posted by Patrick on 5/19/2014


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April 2014

Pending Sales: 2,825 (up 11.5%% from March 2014)

Closed Sales: 2,143 (up 15.4% compared to March 2014)

New Listings: 3,629 (up 17.4% over March 2014)

Ave Sales Price: $332,600 (up from $328,100 in March 2014)

Total Market Time: 77 days (down from 85 in March 2014)

Inventory (months): 2.8 (down from 3.1 in March 2014)

The real estate market is moving right along in the Portland metro area. Look at those numbers! All of the indicators are running hot and we are not even in the prime selling season yet. I expect the inventory level to rise a bit once school gets out and more sellers list their homes for sale. That said, we are still running very low on inventory locally.

These trends seem to be consistent across the country. The U.S. housing market is improving at such a rapid pace that some experts are saying that home values are approaching pre-recession highs in many major cities. 

Contact me today to find out what your home is worth in the current Portland Metro real estate market and/or to find your next home! Also, be sure to check out the “Search By City” section of Metro Market News. I’ve added videos and a Featured Properties section for each city that updates new market activity for each area in real time.

Patrick Krause

Owner, Principal Broker

Soldera Properties, Inc.

503.807.4430

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