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What is going on in the Real Estate Market?
Below are the quick facts about the Portland Metro market for the month of January 2021.

January Residential Highlights
🏡New listings (2,579) decreased 6.4% from the 2,754 listed in January 2020, and increased 48.2% from the 1,740 listed in December 2020.
🔑Pending sales (2,496) increased 9.9% from the 2,271 offers accepted in January 2020, and increased 24.6% from the 2,003 offers accepted in December 2020.
👉🏻Closed sales (1,847) increased 11.1% from the 1,663 closings in January 2020, and decreased 33.8% from the 2,789 closings in December 2020.
🏘Inventory and Total Market Time Inventory increased to 1.0 months in January.
⏰Total market time increased to 44 days.

Year-to-Date Summary Comparing the first month of 2021 to the same period in 2020, new listings (2,579) decreased 6.4%, pending sales (2,496) increased 9.9%, and closed sales (1,847) increased 11.1%.

📊Average and Median Sale Prices Comparing 2021 to 2020 through January, the average sale price has increased 11.2% from $463,000 to $514,700. In the same comparison, the median sale price has increased 13.3% from $406,000 to $460,000.

Below is my newest listing in the Mill Park neighborhood. Reach out if you know anyone that has questions or would like to tour! This property has been well kept, the pride of ownership is very apparent the second you step in the door.

COVID-19 & How I can help

With the current situation, I hope this finds you happy and healthy. Like many of you, I am cooped up in the house, real estate aside if you need anything please give me a call. I am happy to help in any way I safely can. 

Regarding real estate, I am seeing a mix of buyers stepping back from the market and waiting this out, and I am seeing buyers out in the market looking for homes taking advantage of the low interest rates. If you are interested in homes, I am happy to:

  • Virtual live showings - I'll facetime you a home walkthrough
  • Video showings - I'll film a home walkthrough and send it to you
  • Information gathering - I can contact the listing agent directly to get you as much information as I can
  • Discuss your options - let's chat about your options, whatever situation you may be in
  • If you are comfortable with touring, I am as well. Let's take the proper precautions and find that house!
With the inventory at a record low, I am seeing multiple offers on everything, my seller's have been able to benefit, this is truly a seller's market. Now is the time to sell, let's connect and chat about your situation.

On a personal note, Caitlin and I are fairly young and healthy but realize not everyone is in that position. Please let me know if you need someone to go to the store, pharmacy or run other essential errands if you are nervous to expose yourself - we really are all in this together. 

Also, Caitlin and I have been using the Sun Basket program for meals for quite some time now, and I can't think of a better time to than now to let you know about it. Get delicious, healthy meals that are quick to prepare and full of organic produce and clean ingredients sent to your door! Hit the link for more info and $40.00 off your first purchase (this is not an ad, I just really enjoy this service, especially now).

Search for Homes
Squad update: We have been back and fourth between town and the coast, just in time for the ice/snow storm to knock out the power... What a wild ride, we are back online and happy to be warm.
If you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.
Andrewmroles@gmail.com
503-807-4688
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Copyright © 2021 Andrew Roles Real Estate Broker, All rights reserved.


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