April Market Action Report
April Market Action Report – The Portland metro area saw seasonal gains this April. Number of closed sales increased, prices increased, and market time decreased. It continues to be a seller’s market.
Though new listings for April were at a 6-year high, the inventory ratio remained very low due to home buyers picking up anything they can find. Number of closed sales were down 4.5% since last April, but it ticked +1.8% since last month indicating that seasonal effects are taking place. Portland metro area home prices are up 12% YTD, thus outperforming domestic real estate investment trusts and the stock market!
To read more on the April statistics, download the latest RMLS Market Action Report here.