The following charts represent 24 months of real estate activity in SW 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 September 2019 to September 2020 is a $51k increase, which is significant compared to the $9k increase in the Median Sold price point from September 2018 to September 2019. Accordingly, there is a $60k increase in the Median Sold price point from September 2018 to September 2020.
For reference, the lower the DOM, the more robust the real estate market. A DOM under ten days usually represents a seller's market. As you can see from the chart, the 11 days in September 2020 is 11 days less than the 22 days in September 2019 and 10 days less than the 21 days in September 2018. For the year-to-date in 2020, April and August tie for the lowest DOM at seven days.
As you can see from the chart, 217 homes sold in September 2020 is tied for the highest monthly sold amount year-to-date 2020. The September 2020 homes sold is 27 higher than the 190 homes sold in September 2019 and 61 higher than the 156 homes sold in September 2018.
There's a lot of additional information regarding the SW 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: