Let’s take a look at the current state of the Portland real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Portland for real estate investors. When COVID19 hit Oregon hard in March of 2020 the homebuyer turnout decreased massively. In April, things improved a bit. Portland buyer traffic increased about 40% from March but it was still down about 30% from April of the previous year. Things improved further in May when pending sales and new listings surged in the Portland housing market.

The average sale price in the Portland-area dipped by a mere 0.8% to $467,500 in May compared to April 2020′s $477,400. The median sale price held steady from April ($424,000) to May ($425,000). In May 2020, there was a 2.3 month supply of homes for sale, which was steady with April 2020′s 2.4 month supply but an increase from March 2020′s 1.8 month supply. The latest “PORTLAND HOUSING MARKET REPORT” is given below.

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Let's get an overview of the Sacramento real estate market. This article has been updated to reflect recent changes in the housing market of Sacramento due to the coronavirus pandemic. The Sacramento housing market remains healthy and strongly skewed to sellers. In May, the median sales price decreased by 1.3% for the month from $400,000 to $395,000. Home sales have improved consistently over the last six weeks and prices appear to be increasing as well. In June, the median sales price increased 5.1% for the month from $395,000 to $415,000, and 6.4% from June 2019 ($390,000).

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This article has been updated to reflect recent changes in the Minneapolis real estate market due to the coronavirus pandemic. We'll be discussing the housing market trends for the Twin Cities Metro Area. Our focus for real estate investment would be the Minneapolis housing market—entire twin city metro area—and we shall also share the top reasons to invest in this region. First of all, let's find out how is Covid-19 pandemic is affecting the real estate activity in the Minneapolis housing market.

Minneapolis–Saint Paul is a major metropolitan area and is commonly known as the Twin Cities after its two largest cities—Minneapolis and Saint Paul. They’re separated by the Mississippi River. The waterfront is home to many cultural landmarks and coveted waterfront real estate. The entire Minnesota housing market slumped in May due to coronavirus pandemic causing a -24.2% decline in new listings and -20.4% decline in home sales (closed) as compared to May 2019, according to Minnesota Realtors®. Pending sales also dropped by 12.6%. The twin cities of Minneapolis and St. Paul. were below the state average as home sales dropped by 25.1% over there.

In June, the Minnesota housing market pulled up from the steep declines seen in May. Closed sales in June declined only -8.1% year over year, showing some recovery from the -20% declines seen last April and May. The twin city metro area saw a year-over-year decline of 12.7% in home sales—which was much better than May's drop of 25.1%. The Median Sales Price continued to uptick in June. It increased by 5.2 percent to $305,000.

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Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. This article has been updated to reflect recent changes in the Atlanta real estate market due to the coronavirus pandemic. The single-family residential housing market in metro Atlanta got impacted by the pandemic with home sales plummeting from April onward. There was a significant reduction of 25.8% in sales for April as compared to last year's numbers. According to the latest report from Atlanta REALTORS® (ARA), residential sales continued to decrease in May as well.

Home sales dropped by 36.8% from the previous year whereas average and median sales prices continue to gain saw positive gains. The median sales price in the Metro-Atlanta housing market in May was $291,000, an increase of 0.3% from last May. While Atlanta housing prices remain almost steady as compared to last year, the decline in sales reflects the impact of the shelter-in-place order that Metro Atlanta residents had to follow. It is expected that this trend would continue to affect the overall sales for the next few months until the pandemic is over. 

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We will discuss the latest San Jose real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on California's economy and the real estate sector as well. 2020 started with low inventory in San Jose, and a strong seller's real estate market. The number of home sales in January and February were really strong. Then came the shelter-in-place order due to the COVID-19 pandemic. The impact of the pandemic on the San Jose housing market was felt in April when home sales started dropping massively.

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