November Portland Market Report
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the Portland market. Last month saw the typical November slow down which is commonplace as we enter the Holiday season. Every year the period surrounding Thanksgiving through the first week of January is historically one of the slower months for new supply and pending sales. Inventory increased again slightly to 2.6 months up from 2.4 the month prior. New listings, pending sales, & closed sales were all down month over month. Days on market increased again from 38 to 44 days.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.
Our November market report showcases everything you need to know about local real estate trends.