As to be expected due to seasonality, October's average sale price was down 3.2% compared to September's average sale price, $479,630 vs $495,668 respectively. But up 0.8% from October LY. For those taking note, sales prices peaked in July at $517K. If you are investing THIS is the time to buy.
The Portland Metro Area home sales price is up 7.9% YTD and outperforming the national average at 4%. Despite fewer unit sales YTD, the market is still quite healthy due to demand outpacing inventory. This is especially true in the lower sales price points, anything below $500K.