Portland Housing Market Update - April 2020

MARKET NEWS

There is no doubt that the Covid-19 shelter in place order certainly affected the market these last few months. Based off the most current Market Action Report for Portland here are a few insights. There was a drop in inventory January - March but things started picking up again with new listings in April. While people took a pause pending sales decreased by 10% but closed sales increased 2.9%. Average sale price has increased 4.3% compared to the same time last year which suggest the housing market is still going strong in Portland. Learn more by downloading the Market Action Report for more information.

I can help you find out the true value of your home with a complimentary market analysis. Just give me a call. I find it’s less stressful to get started planning your sale 4-8 weeks before we list it so you have time to do minor repairs, declutter and stage your house. I’m here to help you each step of the way prepare for an optimal sale and transition.