By Ross Seligman, February 8, 2018
January 2018 is a Seller’s market*
Home For Sale in January 2018: 1288 units.
| • | Down 10.1% compared to last month |
| • | Up 24.3% compared to last year |
Home Closed in January 2018: 560 units.
| • | Down 35.8% compared to last month |
| • | Down 21.3% compared to last year |
Home Placed under Contract in January 2018: 803 units.
| • | Up 36.3% compared to last month |
| • | Up 23.9% compared to last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
January 2018 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in January 2018:$243
| • | Up 0.4% compared to last month |
| • | Up 5.2% compared to last year |
*Based on 6 month trend – Appreciating/Depreciating/Neutral
January 2018 Average Days on Market trend is Rising*
Average Days on Market in January 2018: 44
| • | Up 15.8% compared to last month |
| • | 0% compared to last year |
January 2018 Sold/Original List Price Ratio is Falling*
Sold/Original List Price % in January 2018: 96%
| • | 0% compared to last month |
| • | Down 1% compared to last year |
*Based on 6 month trend – Rising/Falling/Remains Steady
January 2018 Average For Sale Price is Appreciating*
Average For Sale Price (in thousand) in January 2018: $642
| • | Up 4.2% compared to last month |
| • | Up 4.2% compared to last year |
January 2018 Average Sold Price is Neutral*
Average Sold Price (in thousand) in January 2018: $462
| • | Up 2.9% compared to last month |
| • | Up 5.5% compared to last year |
*Based on 6 month trend – Appreciating/Depreciating/Neutral
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January 2018 is a Seller’s market*
Months of Inventory based on Closed Sales in January 2018: 2.3
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Ross Seligman
Principal Broker
Ross Seligman moved to Portland in 1999 after accidentally discovering this oasis of a city in a nationwide desert of strip malls and sprawl.
Ross likes to call Portland the "land of opportunity." Why, you ask? Where else can you be a successful real estate broker while simultaneously leading a double life as a musician? That would definitely be a bizarre combination in New Jersey but, in Portland, quite ordinary. In Portland, one expects that their straight-laced accountant is secretly oil painting between Yoga classes.
From the moment he arrived in Portland, Ross quickly fell in love with the vibrant energy of the people, gorgeous homes and neighborhoods, and exploding arts scene. Deciding to embrace it all, Ross became an active real estate broker and quickly immersed himself in the city culture. Working with premier Portland boutique company Living Room Realty, Ross is well known for his accessibility, integrity, professionalism, knowledge of the market, and passion for Portland.
When he is not busy representing clients or studying market trends, you can find Ross playing music around the city, hiking and camping in the unparalleled beauty of the Pacific NW, and spending as much time with friends and family as possible. Ross Seligman also appeared on Broadway at the Lyceum Theater in NYC as Janis Joplin's guitarist in "A Night With Janis Joplin".
Ross is known for his passion for people and real estate. He is enjoying Portland's growth and expansion all while embracing the quirks that make this city so special. Ross and his team can help sell your house for the highest possible price as well as release you from the unpredictable rental market and secure your dream home as a buyer. Ross will answer any questions about the Portland real estate market and process, all while making you feel part of a strong team.
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- T: 503-862-9075
- F: 503-961-8224
- ross@ownitportland.com
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503-961-8224