The Portland metro area continued seeing seasonal gains this April, although numbers are cooler than in April 2015.
New listings (4,082) gained some traction this month, rising 3.4% above the 3,949 new listings offered in April 2015, and 19.7% above the 3,409 new listings offered last month in March 2016. The last April there were more new listings was in 2010, when 4,713 were offered.
Closed sales (2,611) ended 4.5% below the 2,734 closings posted last year in April 2015, but edged 1.8% ahead of the 2,565 closings recorded last month in March 2016. Pending sales (3,432) rose 11.6% above the 3,076 accepted offers from March 2016 but were 5.0% lower than the 3,613 offers accepted last year in April 2015.
Total market time in the Portland metro area decreased to 43 days this April, with inventory increasing very slightly to 1.4 months. There are currently a total of 3,721 active residential listings in the Portland metro area. Average and Median Sale Prices Comparing the average price of homes in the twelve months ending April 30th of this year ($365,100) with the average price of homes sold in the twelve months ending April 2015 ($336,000) shows an increase of 8.7%. In the same comparison, the median has increased 9.8% from $290,000 to $318,500.
This months home of the month sits on 2+ acres off Skyline Blvd in NW Portland and is a custom built dayranch home with over 4,000SF and the shop used to be the former Skyline fire station, and is 2,200SF. You can see the entire listing here, including almost 40 photos.