November Market Update: Portland

aerial view of buildings and trees during daytime

Key takeaways for the month

In Portland, Hillsboro, and Beaverton, we see similar trends with much more competition for single family homes than in a typical year even as seasonality sets in. 

  • Median sale prices for single family homes fell month over month, as expected at this time of year, but remained high year over year. 
  • Reflecting the competitive market, sale-to-list price ratio increased and stayed above the year-over-year trend for all property types except condos in Hillsboro and Beaverton. 
  • The number of homes listed in November fell despite an active market, showing that the region isn’t in danger of over-selling.

Competition

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


Portland data includes the city of Portland.

Hillsboro & Beaverton data includes the cities of Hillsboro and Beaverton.


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