The media is starting to report on a slowing residential real estate market, even suggesting the broadest slowdown in years. What does that mean for buyers and sellers in Portland? What does it mean for you?
The Data on Sales Volume
Total active residential listings in June 2018 increased 12.5% over May (6,054 vs 5,380) and 16.2% over June 2017 (6,054 vs 5,211).
The number of closed sales in June increased 5.1% over May (2,946 vs 2,803) and decreased 6.0% from June 2017 (2,946 vs 3,187).
A Little Perspective
Activity has slowed since the spring. It slowed last year about this time, and the year before that, and the year before that, and... So the better question is whether the slow down is due to typical seasonality or to a…