July 2020 - 24 Months Real Estate Trends - North Portland, Oregon
The following charts represent 24 months of data in North 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 July 2019 to July 2020 is a 9% increase, which is significant when compared to the less than 1% increase in the Median Sold price point from July 2018 to July 2019. Accordingly, there is a 10% increase in the Median Sold price point from July 2018 to July 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 July 2020 DOM, of 5 days, is the lowest in the past two years.
As you can see from the chart, the 141 homes sold in July 2020 are the second-highest monthly sold amount for the past 24 months - with the highest being 145 homes sold in May 2019
There's a lot of additional information regarding the North 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: