What is going on with Coronavirus & Portland Real Estate Inventory Episode 5
Today we are looking at the week of April 5th. We saw a small increase in pending home sales.
Accepted contracts increased by 6% from 352 to 375. New listings saw a decrease from 435 homes listed for sale to 385 or a decline of 11%. 16% of the homes listed for sale last week went pending their first week on the market.
As of April 16th, there are currently 2,816 pending home sales and 4,043 active listings in the Portland metro area.
One big thing to note is that when we compare March of 2019 to March of 2020 pending sales decreased by 14%. I don’t know about you but for me, it felt like that number was going to be higher.
More opinions and commentary can be seen in the video.
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This content last updated on June 3, 2020. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.