"In October, home prices fell moderately from the month before, with a median listing price of $527,000. Typically, home price per square foot in Portland tend to rise in October. And the most recent data shows that the price per square foot remained practically unchanged compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Rose City are outpacing the national market."
"In October, there were 2,748 homes for sale in Portland, which was 3.4% less than the month before and 4.9% more than the same time last year. The number of new listings in Portland was 908, which was 12.5% less than the month before and 1.9% less than the same time last year. Homes in Portland take an average of 72 days to sell, four days more than the previous month and eight days more than the same month last year."
Median listing price in Portland in October was $527,000, representing a moderate month-over-month decline. Price per square foot remained practically unchanged from the previous month, while nationally price per square foot decreased 0.8%. Active inventory in Portland was 2,748 homes, down 3.4% from the prior month and up 4.9% year-over-year. New listings numbered 908, a 12.5% monthly decline and a 1.9% decrease year-over-year. Homes in Portland averaged 72 days on market, four days longer than the prior month and eight days longer than one year earlier. Nationally, active inventory held near 1,100,001 and homes averaged 63 days on market.
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