The following graphs 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 November 2019 to November 2020 is a $65k increase, which is significantly higher than the $5k increase in the Median Sold price point from November 2018 to November 2019. Accordingly, there is a $70k increase in the Median Sold price point from November 2018 to November 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 graph, the eight days in November 2020 is tied for the fourth-lowest monthly DOM amount for the past 24 months - with the lowest being five days in April 2020.
As you can see from the graph, the 271 homes sold in November 2020 is lower than the previous two months, with 300 homes sold in September 2020 and 289 homes sold in October 2020. The November 2020 amount is 84 homes higher than the 187 homes sold in November 2019 and 72 homes more than the 199 homes sold in November 2018.
There's a lot of additional information regarding the NE Portland Real Estate Market that you can gather from these trend graphs. 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: