The following charts represent 24 months of real estate activity in NE Portland, Oregon for:
Median List Price vs. Median Sold Price
Median Days on Market (DOM)
Number of Homes Sold
The change in the Median Sold price point from October 2019 to October 2020 is a $55k increase, which is higher than the $7k increase in the Median Sold price point from October 2018 to October 2019. Accordingly, there is a $62k increase in the Median Sold price point from October 2018 to October 2020.
For reference, the lower the DOM, the more robust the real estate market. A DOM under ten days most usually represents a seller's market. As you can see from the chart, the six days in October 2020 is the second-lowest monthly DOM amount for the past 24 months - with the lowest being five days in April 2020.
As you can see from the chart, the 289 homes sold in October 2020 is the second-highest monthly sold amount for the past 24 months - with the highest being 300 homes sold in September 2020. The October 2020 amount is 46 homes higher than the 243 homes sold in October 2019 and 82 homes higher than the 207 homes sold in October 2018.
There's a lot of additional information regarding the NE Portland Real Estate Market that you can gather from these trend charts. Please let me know your favorite item or if you have any questions.
Learn more about the neighborhood real estate market via the following links: