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Portland home prices were unchanged in April compared to a year ago, pointing to a residential real-estate market where the sharp run-up of prices in recent years is over.

The median price of a sold home was $405,000 in April, according to RMLS, a regional listing service. That was the same as in April 2018, but up 1.5 percent from $399,000 in March.

Time on market was 53 days on average, up from 42 days in April 2018, but down from 68 days in March. There was 2.2 months of inventory on the market, unchanged from March and up from 1.8 months in April 2018.

Buyers’ appetite remains strong for homes that are priced in tune with the market, said Eric Hagstette, owner and principal broker of Inhabit Real Estate in Southeast Portland.

鈥淧roper pricing for all real estate units is imperative,鈥� he said. 鈥淲ell-priced real estate is selling predictably, in a short amount of time.鈥�

The condo market has been somewhat slower.

鈥淭here is less demand for attached and condominium inventory, and that’s influenced by the overbuilt apartment market,鈥� Hagstette said.

Active residential listings have been trending higher. There were 5,400 active residential listings in April, up 20.8 percent from 4,469 a year ago.

Pending sales grew 3.1 percent compared to April 2018.