PORTLAND, Ore — Portland real estate activity last year was a mixed bag, though sales remained brisk in some areas.
Home sales in 103 ZIP codes in Clackamas, Clark (Wash.), Multnomah and Washington counties dipped -0.2 percent to 36,154 total homes sold.
The median time it took to sell a house took almost three days longer than in 2018, creeping up to 19.4 days on average across those ZIP codes.
However, median prices continued to rise in most neighborhoods, reaching $425,867 on average, a 2.5 percent.
Recently, we've highlighted the top ZIP codes for sheer number of sales, for highest sale prices and for shortest time on the market. This annual "Heat Index" weights all three factors equally for the top 50 ranking.
SLIDESHOW: Portland Heat Index 2019
Notably, six of 2018's top 10 returned to the top 10 in 2019 and seven of them lie in Portland city limits this year versus six last year.
Joining to the top 50 in 2019 are Hazelwood/Fairview (97230) and Fircrest/Countryside Woods, Wash.(98684) as Parkrose/Sumner (97220), Gladstone (97027), Forest Grove (97116) and Rockwood (97233) fell out after making last year's top 52.
Due to favorable sales, price and/or fewer days on market, the top 10 biggest gainers in terms of ranking for 2019 were:
- OHSU/Hillsdale/SW Hills (97239), +20 ranks
- Lake Oswego (97035), +18 ranks
- Clackamas (97015), +13 ranks
- Happy Valley (97086), +13 ranks
- Piedmont/Concordia (97211), +13 ranks
- Irvington/Grant Park (97212), +13 ranks
- Five Corners/Homan, Wash. (98662), +13 ranks
- Orchards/Livingston, Wash. (98682), +12 ranks
- Kerns/Laurelhurst (97232), +11 ranks
- Aloha (97078), +10 ranks
The Portland Business Journal is a KGW News partner.
