Big Week for New Listings & Pending Sales in Portland Real Estate Market

This week, not officially the first of spring, albeit we’ve had some spring like weather, has been a jumping week for the Portland real estate market.

Total number of homes continues to hover under 4,300 in total, however new listings are seeing a significant jump in the last week, continuing the previous weeks trend:









Pending sales have also been up significantly, well actually even more so than new listings:









Sold homes (new closings) have also inched up a bit but not incredibly so…We don’t have Friday numbers yet as it’s still Friday so a large portion of today’s closed sales haven’t been logged yet (currently only 28 have been logged today and it’s likely that number will quadruple when I pull the numbers over the weekend), however last Friday’s closed sales were up to 160 closings, well above what we’ve been seeing the last few months this winter.

Sold bank owned/foreclosures jumped up a bit last week, though this week they are down a bit. Sold short sales are also slipping and new construction sales are up a bit as well.

New short sale, bank owned and new construction listings remain a bit flat for the week.

Take a look at the full report here: Portland Real Estate Market Tracking Report March 7th 2014

Your Portland Realtor, Scott McDonald

Everything. Portland. Real Estate. Blog.


Comments are closed.