Market Update March 23, 2020

As people are wondering how COVID-19 is affecting our real estate market, we are planning to share regular market updates to keep you informed!

Below is our market activity since last Friday morning, along with a key to some of the terms you may not be familiar with:

CSN= Coming Soon, No Showings yet (typically available to view by the public within a few days)

BOM= Back on Market (buyer backed out for one reason or another)

PC= Price Change

WTH= Withdrawn (Seller may decide to relist in the future)

EXP= Expired (Listing term has expired)

CAN= Canceled (Seller has canceled the listing and may not be relisting soon)

For the moment, buyers and sellers are proceeding with their plans to purchase or sell a home. Several of the homes that were “New” as of Friday are now “Pending” as described in the parenthesis beside the “New” line item in each area.

The industry continues to make significant changes in order to operate in a safe manner by canceling public open houses, limiting showings and providing FaceTime/Video walk-throughs for buyers.

This is a quickly evolving situation and we will do our best to keep you informed! Stay safe and well! We are here for you. 

SW Portland/Beaverton

  • 7  CSN
  • 45 New (2 now pending)
  • 13 BOM
  • 2 BMP
  • 16 PC
  • 36 Pending
  • 30 Sold

Lake Oswego/West Linn

  • 11 New
  • 11 PC
  • 8 Pending
  • 5 WTH
  • 7 Sold
  • 2 Exp

Tigard/Tualatin/Wilsonville

  • 3 CSN
  • 25 New (2 – pen/1 – wth)
  • 7 BOM
  • 10 PC
  • 22 Sold

NE & SE Portland

  • 4 CSN
  • 63 New (4-pen)
  • 1 BMP
  • 35 PC
  • 51 Pending
  • 8 WTH
  • 35 Sold
  • 3 Exp

Milwaukie/Happy Valley

  • 1 CSN
  • 54 New (8 – pen)
  • 4 BMP
  • 12 PC
  • 26 Pending
  • 3 WTH
  • 16 Sold
  • 3 Exp

Oregon City/Canby

  • 1 CSN
  • 15 New (1-pen)
  • 4 BMP
  • 9 PC
  • 12 Pending
  • 2 WTH
  • 7 Sold
  • 1 Exp

North Portland

  • 11 New (1-pen/1-sold)
  • 1 BOM
  • 7 PC
  • 9 Pending (1-sold)
  • 1 WTH
  • 9 Sold
  • 2 Can
  • 2 Exp

Gresham/Troutdale

  • 36 New (6-pen/1-can)
  • 1 BMP
  • 14 PC
  • 25 Pending
  • 7 WTH
  • 18 Sold
  • 2 Exp

If you have specific questions about your neighborhood, just ask! 

Posted on March 23, 2020 at 6:58 pm
Sohee Anderson LLC | Category: Around PDX & Beyond

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