Asking Prices Hold Steady While Inventory Declines

    Asking Prices and Inventory for Homes in Portland Oregon

    The typical winter real estate lull has not hit Portland real estate.  At least not price wise.  Winter continues to prove to be a good time to sell as prices hold strong and inventory decreases.  As of January 20 2014 there were about 7,865 single family and condo homes listed for sale in Portland Oregon. The median asking price of these homes was approximately $288,500. Since this time last year, the inventory of homes for sale has decreased by 3.3% and the median price has increased by 11.0%.

    January 20, 2014 Month/Month Year/Year
    Median Asking Price $288,500 -0.1% +11.0%
    Home Listings/Inventory 7,865 -5.6% -3.3%

     

    See individual Portland Neighborhood Reports Here

    Recent Asking Price and Inventory History for Portland

    Date Single Family & Condo
    Inventory
    25th Percentile
    Asking Price
    Median
    Asking Price
    75th Percentile
    Asking Price
    01/20/2014 7,865 $210,000 $288,500 $447,200
    01/13/2014 7,911 $209,900 $287,000 $440,000
    01/06/2014 7,834 $207,000 $285,400 $439,900
    12/30/2013 8,145 $209,800 $289,000 $449,000
    12/23/2013 8,330 $209,900 $288,820 $449,000

    Portland Asking Price History

    The median asking price for homes in Portland peaked in April 2007 at $354,740 and is now $67,773 (19.1%) lower. From a low of $239,125 in February 2011, the median asking price in Portland has increased by $47,842 (20.0%).

    25th, Median (50th) and 75th Percentile Asking Prices for Portland Oregon

    Portland Housing Inventory History

    Housing inventory in Portland, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 23,354 in July 2008. The lowest housing inventory level seen was 7,870 in January 2014.

    Housing Inventory for Portland Oregon

    Portland Asking Price and Inventory History

    Date Single Family & Condo
    Inventory
    25th Percentile
    Asking Price
    Median
    Asking Price
    75th Percentile
    Asking Price
    January 2014 7,870 $208,967 $286,967 $442,367
    December 2013 8,570 $209,920 $289,144 $449,520
    November 2013 9,392 $210,177 $289,350 $449,900
    October 2013 9,929 $212,815 $294,463 $450,000
    September 2013 10,167 $211,790 $296,780 $451,980
    August 2013 10,119 $210,875 $297,000 $450,000
    July 2013 9,490 $206,640 $296,560 $450,000
    June 2013 8,858 $199,688 $288,694 $449,975
    May 2013 8,527 $194,888 $281,850 $446,900
    April 2013 8,075 $186,800 $274,540 $439,060
    March 2013 7,969 $182,923 $267,425 $427,213
    February 2013 7,981 $179,900 $262,450 $419,731
    January 2013 8,250 $179,075 $259,217 $404,725
    December 2012 8,627 $178,900 $259,720 $405,750
    November 2012 9,408 $179,675 $260,950 $408,963
    October 2012 10,259 $179,900 $267,160 $418,600
    September 2012 10,828 $179,900 $268,975 $418,450
    August 2012 11,102 $179,675 $268,725 $418,500
    July 2012 11,140 $177,600 $266,598 $411,651
    June 2012 11,362 $174,825 $259,675 $399,950
    May 2012 11,227 $169,713 $252,463 $399,450
    April 2012 10,820 $169,160 $249,910 $397,940
    March 2012 9,683 $174,450 $259,450 $406,225
    February 2012 10,549 $169,225 $248,250 $388,025
    January 2012 10,833 $169,080 $246,960 $381,960
    December 2011 11,461 $169,925 $248,375 $385,675
    November 2011 12,018 $174,750 $250,972 $397,425
    October 2011 12,846 $179,530 $258,720 $399,900
    September 2011 13,509 $179,939 $259,900 $399,900
    August 2011 14,672 $179,360 $256,590 $395,540
    July 2011 14,772 $178,150 $253,188 $389,225
    June 2011 14,762 $176,475 $250,970 $386,970
    May 2011 14,582 $173,184 $249,160 $375,780
    April 2011 14,748 $169,950 $242,400 $364,975
    March 2011 15,458 $169,800 $239,675 $359,575
    February 2011 15,531 $169,675 $239,125 $354,725
    January 2011 15,001 $170,760 $239,158 $356,380
    December 2010 16,118 $176,200 $242,700 $363,363
    November 2010 17,018 $180,160 $249,330 $373,780
    October 2010 17,614 $184,975 $253,375 $381,975
    September 2010 18,282 $189,100 $258,925 $390,950
    August 2010 18,579 $190,940 $261,150 $397,160
    July 2010 18,160 $195,163 $267,475 $399,000
    June 2010 17,488 $196,853 $268,875 $399,800
    May 2010 17,035 $198,880 $269,620 $399,818
    April 2010 17,279 $198,000 $266,750 $392,500
    March 2010 16,495 $195,600 $264,460 $393,960
    February 2010 15,382 $194,938 $264,450 $395,198
    January 2010 14,895 $197,819 $267,425 $399,225
    December 2009 15,329 $199,897 $272,038 $402,212
    November 2009 15,902 $202,750 $277,760 $417,780
    October 2009 16,573 $209,675 $283,646 $428,225
    September 2009 17,165 $210,000 $289,475 $436,100
    August 2009 17,595 $211,760 $292,880 $444,320
    July 2009 17,819 $212,950 $294,950 $449,000
    June 2009 17,870 $213,460 $294,920 $449,100
    May 2009 17,713 $211,475 $293,291 $445,250
    April 2009 17,978 $212,525 $289,925 $444,725
    March 2009 18,506 $214,153 $289,930 $443,360
    February 2009 18,449 $216,014 $293,968 $448,125
    January 2009 18,872 $219,952 $297,855 $452,809
    December 2008 19,842 $223,220 $302,773 $458,508
    November 2008 20,983 $226,382 $307,532 $464,024
    October 2008 22,086 $229,650 $312,450 $469,724
    September 2008 22,973 $233,730 $319,580 $474,990
    August 2008 23,314 $235,200 $322,000 $475,725
    July 2008 23,354 $236,074 $324,550 $475,000
    June 2008 22,657 $239,150 $324,920 $479,459
    May 2008 21,505 $239,900 $325,000 $480,947
    April 2008 20,669 $239,900 $324,937 $479,912
    March 2008 19,381 $241,300 $324,860 $485,960
    February 2008 18,409 $240,485 $324,925 $479,912
    January 2008 17,659 $243,500 $324,962 $481,765
    December 2007 18,584 $245,120 $327,975 $489,355
    November 2007 19,926 $248,665 $330,475 $486,425
    October 2007 20,762 $249,950 $337,260 $493,980
    September 2007 20,656 $253,425 $339,900 $497,749
    August 2007 19,837 $257,712 $342,975 $499,124
    July 2007 18,710 $261,120 $349,120 $499,930
    June 2007 17,670 $264,282 $349,950 $507,949
    May 2007 16,386 $264,900 $350,975 $512,662
    April 2007 15,059 $264,900 $354,740 $517,740
    March 2007 13,897 $264,450 $353,850 $523,425
    February 2007 13,814 $258,517 $349,800 $516,750
    January 2007 13,726 $255,810 $349,637 $507,441
    December 2006 14,746 $257,149 $348,246 $499,949
    November 2006 15,671 $258,837 $348,750 $499,900
    October 2006 16,027 $259,640 $348,834 $499,900
    September 2006 15,239 $261,098 $349,675 $499,937
    August 2006 14,029 $264,925 $350,737 $518,587
    July 2006 12,864 $264,920 $350,470 $525,980
    June 2006 11,261 $264,925 $349,975 $530,937
    May 2006 9,804 $262,340 $350,940 $532,360
    April 2006 8,701 $256,433 $346,433 $526,224

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