Home BuyingHome Selling June 4, 2013

Comparing Portland to Nationwide Real Estate Trends


I frequently read news stories about nationwide real estate markets and trend statistics, but I know the old adage about real estate and location is true.  So I put together this chart comparing the same nationwide numbers I read this morning with those for the Portland Metro (Tri-County) area. 

While home prices nationwide are up 12.10% from a year ago, they are up 22.0% for Portland.  Nationwide April home prices are up 3.10% from March, but in Portland it's been 8.36%. 

That's in part because while inventory nationwide is down 14% from a year ago, Portland is down 27.2%.  For every four homes for sale a year ago, there are only three today. 


Comparing Portland to National  Real Estate Trends 
  April 1, 2013 March 1, 2013 Change April 1, 2012 Change
Home Price, Nationwide     3.10%   12.10%
Home Price, Portland Metro $272,000 $251,000 8.36% $223,000 22.00%
Inventory, Nationwide         -14%
Inventory, Portland Metro 4498 4252 5.46% 5723 -27.20%