July 2020 - 24 Months Real Estate Trends - NE Portland, Oregon
The following charts represent 24 months of data 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 July 2019 to July 2020 is a 9% increase, which is significant compared to the 4% increase in the Median Sold price point from July 2018 to July 2019. Accordingly, there is a 13% 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 six days in July 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 271 homes sold in July 2020 are the highest monthly sold amount year-to-date 2020. To provide context year on year, the July 2019 amount of 279 homes sold is only slightly higher than the July 2020 amount of 271.
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: