The following charts represent 24 months of real estate activity in SE 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 August 2019 to August 2020 is an 11% increase, which is significant compared to the 1% increase in the Median Sold price point from August 2018 to August 2019. Accordingly, there is a 12% increase in the Median Sold price point from August 2018 to August 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 August 2020 ties with April 2020 for the lowest monthly DOM amount for the past 24 months.
As you can see from the chart, the 333 homes sold in August 2020 ties with the 333 homes sold in August 2019. August 2018 had 341 homes sold. For the past three Augusts, the homes sold amount has been relatively level.
There's a lot of additional information regarding the SE 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: