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Market Conditions

The market conditions in the Portland metro area saw some seasonal increases this March, but some numbers are cooler so far for the year to date. This has created an inventory decrease, with inventory decreasing to 1.3 months. A healthy market inventory is 6 months.

Total market time decreased as well, now standing at 51 days on average. Activity has been higher in 2015 than 2014 across the board. Prices continue to rise in 2016 compared to 2015. Comparing the average price of homes in the past year ending March 31st of 2016, average sale price rose 8.0%, or to $361,100.