August 2020 - 24 Months Real Estate Trends - North Portland, Oregon
The following charts represent 24 months of real estate activity 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 August 2019 to August 2020 is a 1% increase, which is minimal compared to the 11% 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 usually represents a seller's market. As you can see from the chart, the August 2020 DOM, of 6 days, is tied for the second-lowest in the past two years.
As you can see from the chart, the 137 homes sold in August 2020 are the third-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: