Oregon Realty Company.

As one of the largest locally owned and managed realty companies in Oregon, Oregon Realty Co. is recognized as a real estate leader in the Portland Metro area, with a strong rural presence as well. We also serve SW Washington as Realty Group NW. I've been with ORC for a number of years now and it's a great homegrown company. My principal brokers, Steven Lucas and Deli Busher, share a wealth of information and involvement in the Oregon Real Estate community between them. 

Portland Market Data.

The statistics presented in the Market Action are compiled monthly based on figures generated by RMLS™, and reflect reported activity for the greater Portland Metro area. 

March Residential Highlights The Portland metro area saw some seasonal increases this March, but some numbers are cooler so far for the year to date. Closed sales (2,565) were up 4.4% compared to March 2015 (2,457) and 41.5% compared to February 2016 (1,813). The last March that closings were more numerous was in 2007, when 2,775 closings were posted for the month. Pending sales, at 3,076, rose 10.4% over the 2,786 offers accepted last month in February 2016—but were 9.1% under the 3,384 offers accepted last year in March 2015. Similarly, the 3,409 new listings rose 17.7% above the 2,896 new listings offered last month in February 2016 but were 5.2% cooler than in March 2015 when 3,596 new listings were offered. Total market time in the Portland metro area decreased to 51 days this March, with inventory decreasing to 1.3 months. There are currently a total of 3,318 active residential listings in the Portland metro area. 

Average and Median Sale Prices Comparing the average price of homes in the twelve months ending March 31st of this year ($361,100) with the average price of homes sold in the twelve months ending March 2015 ($334,400) shows an increase of 8.0%. In the same comparison, the median has increased 9.0% from $289,000 to $315,000.

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