{"id":13236,"date":"2021-05-18T09:00:00","date_gmt":"2021-05-18T16:00:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=13236"},"modified":"2021-05-20T03:40:37","modified_gmt":"2021-05-20T10:40:37","slug":"portland-real-estate-market-update","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/portland-real-estate-market-update\/","title":{"rendered":"Portland Real Estate Market Update"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" width=\"834\" height=\"145\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Check out my latest video Portland Market Update\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/VmSXl1IX5_w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-update-portland\">Market Update &#8211; Portland<\/h2>\n\n\n\n<p class=\"has-drop-cap\">The biggest story continues to be the lack of inventory, which has been historically low for nine months. Prices are escalating and most homeowners are receiving multiple offers within the first couple of days. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-home-sales\">Home Sales<\/h3>\n\n\n\n<p>There wee 2,946 sales in April: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>46.2% <span style=\"color:#00d084\" class=\"tadv-color\">increase <\/span>compared to April 2020. Month on Inventory decreased to 0.8 in April 2021.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-listings\">Listings <\/h3>\n\n\n\n<p>There were 4,065 new listings in April:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>42.7% <span style=\"color:#00d084\" class=\"tadv-color\">increase <\/span>compared to April 2020. <\/li><\/ul>\n\n\n\n<p>Both the listings and sales activity have increased, resulting in an upward trend in prices. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p>The average sold price was $543,900 <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A 16.9% increase compared to April 2020.<\/li><\/ul>\n\n\n\n<p>Median price also increased by 16.8% compared to last year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Update &#8211; Portland The biggest story continues to be the lack of inventory, which has been historically low for nine months. Prices are escalating and most homeowners are receiving multiple offers within the first couple of days. Home Sales There wee 2,946 sales in April: 46.2% increase compared to April 2020. Month on Inventory &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-13236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Portland Real Estate Market Update - roomvu Academy<\/title>\n<meta name=\"description\" content=\"Read the latest real estate market update for Portland with all the stats and details together with a visually friendly video.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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