Market trends for the Portland area.

For those watching the market in December things slowed across the board in the Portland metro area. We had Pending sales of almost 1600 which were short of the 1,757 offers accepted in December of 2017. November was better with 1,904 offers accepted. Regarding closed sales in November, 2018, we saw (1,846) ending 21.4% lower than in December 2017 and 13.9% lower than in November 2018.  This is the coolest December for closings in Portland metro since 2013. I have a theory, everybody I know was sick, I myself actually missed Christmas with all my family till just last weekend.  Year to Date Summary Activity in 2018 was mixed compared to 2017. New listings (41,287) increased 1.2%. Pending sales (29,809) decreased 4.9% and closed sales (29,771) decreased 5.9% this year. If you’re looking for a Median Sale Prices Comparing 2018 to 2017 we rose 5.5% from $428,700 to $452,400. My Predictions for 2019, I think we will see profits of 4-6%.