Check out these exciting facts regarding the Portland Housing Market for the year so far!

• We are coming out the gates strong and ready for 2014, with a solid January.
• We saw the best January for new listings since 2007.
• New home listings basically doubled from the previous month.
• Pending sales grew from 1,484 in December 2013 to 2,027 in January 2014.

Here are some of the highlights from the latest report:

• The average sales price grew by 10.3% v. last January, and 
the median price rose 6.9% for the same time period.
• Inventory levels decreased slightly from 4.7 months at the start of last year to 4.1 months of inventory (homes on the market) available this January, and up 0.9% from the previous month.
• The number of Portland Metro pending homes increased by 6.3% v. January 2013 and up 36.6% from December.
• Total market time this January dropped 15.8% less than the previous January.
• Portland Metro new home listings is up  a huge 93.8% from December and up 5.6% from January 2013.

Some key points from these stats are:

• The average sales price has grown from January 2013 was $287,700 to $317,200 this year.
• Median sales price has increased 13.6% during that same time period from $235,000 to $267,000.
• New home listings took a huge leap in numbers from December to January (93.8%).

Graph provided by rmlsweb.com

Thinking about selling your house? Now is a great time to do just that!
Contact Urban Pacific Real Estate for more information.