MARCH 2021
P O R T L A N D
M E T R O
If you're thinking of buying or selling a home, it's important to know some of the basics of what's going on in the Portland Metro market. Data such as the average sale price number of homes sold and days on market will help prepare you with what to expect. Our March report showcases everything you need to know about the areas important to you.
L I V P O R T L A N D
MARCH 2021 HOUSING REPORT
Average Sale Price
$544,300 19.1% Units Listed
3,465 0.1%
Units Sold
vs March 2020
vs March 2020
2,556 8.5%
Days on Market
39.1%
vs March 2020
37 vs March 2020 *DATA TAKEN FROM RMLS MARCH 2021 DATA
PAGE 04
New listings (891) in West Portland increased 28.7% from the 692 listed in February 2021, and decreased 6.7% from the 955 listed in March 2020 . Closed sales (756) increased 38% from the 546 closings in February 2021, and increased 0.8% from the 750 closings in March 2020. Bottom Line: Sellers - expect multiple offers of as high as 25% over asking price when priced appropriately. Buyers - be prepared to compete with many other well qualified offers and find ways to provide value in the terms and conditions of your offer.
Average Sales Price
Days on Market
Sales by Area
*Past 12 months covers April 2020- March 2021 YOY% Change compares April 2020- March 2021 to April 2019 to March 2020 Data taken from RMLS
Price Range
Available Listings
This data shows March active listings for the past 3 years
MARCH 2021 HOUSING REPORT
PAGE 06
New listings (1242) in East Portland increased 47.1% from the 844 listed in February 2021, and increased 3% from the 1206 listed in March 2020. Closed sales (889) increased 23% from the 723 closings in February 2021, and increased 16.3% from the 764 closings in March 2020. Bottom line: Sellers - be wary to not overprice, especially in the luxury segment. Proper pricing will bring multiple offers and over asking prices. Buyers - be prepared to make decisions quickly and provide highest and best offer.
Average Sales Price
Days on Market
Sales by Area
*Past 12 months covers April 2020- March 2021 YOY% Change compares April 2020- March 2021 to April 2019 to March 2020 Data taken from RMLS
Price Range
Available Listings
This data shows March active listings for the past 3 years
MARCH 2021 HOUSING REPORT
PAGE 08
New listings (145) in South Portland increased 88.3% from the 77 listed in February 2021, and increased 0.7% from the 144 listed in March 2020. Closed sales (92) increased 22.3% from the 75 closings in February 2021, and increased 22.3% from the 75 closings in March 2020. Bottom Line: Sellers - inventory continues to shrink, get your game plan for what terms and conditions you want up front. Buyers - identify your needs and be willing to sacrifice on some of the nice-to-haves. $2M+ homes continue to see unprecedented sales.
Average Sales Price
Days on Market
Sales by Area
*Past 12 months covers April 2020- March 2021 YOY% Change compares April 2020- March 2021 to April 2019 to March 2020 Data taken from RMLS
Price Range
Available Listings
This data shows March active listings for the past 3 years
MARCH 2021 HOUSING REPORT
PAGE 10
Bottom line: Sellers - Smaller units continue to have difficulty because of the high inventory numbers. Price aggressively. Larger units have seen significant increases in sales and appear to be moving towards a healthier market. Buyers - Values available in all price points. Maximize your leverage with beneficial terms and conditions.
Average Sales Price
Days on Market
Sales by Area
Bedrooms and Total Square Feet
Price Range
*Past 12 months covers April 2020- March 2021 YOY% Change compares April 2020- March 2021 to April 2019 to March 2020 Data taken from RMLS
MARCH 2021 HOUSING REPORT
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