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How’s The Portland Real Estate Market?
Know the Portland real estate market if you’re thinking of buying or selling a home.
Learn what’s happening in the Portland market. Know if home prices are going up or down. Find out how long homes are taking to sell.
Each month I share my 25+ years of real estate experience to help you evaluate the latest real estate market info from the RMLS (Portland’s multiple listing service).
Is the Portland real estate market better for buyers or sellers right now?
Check out the MLS numbers each month. Educate yourself about the market if you’re getting ready to buy a home or sell a home in Portland.
Thinking about buying a home in Portland?
Use this interactive map to search the MLS for Portland homes for sale and homes in the entire metro area. Search by price, area, foreclosures or short sales (or not). The Lifestyle Functions allow you to add schools, restaurants, shopping and more to your search. Or use the quick search function over on the right.
Portland Real Estate Market Conditions December 2011
How’s the Portland real estate market? Comparing all of 2011 with 2010, there are mixed signals in the mls numbers. The good news is that closed home sales are up 4% over 2010 and pending sales are up 6%. However the 2011 median sales price for a Portland home is down 7.9% from the previous year. And the number of new listings is down 25.4%. Theses conditions could push Portland real estate prices higher in the coming months. Here’s why. The small amount of new listings coupled with a small increase in sales means less homes for sale to...
read morePortland Real Estate Market Conditions November 2011
How’s the Portland real estate market? There were more closed home sales in Portland in November than there were in October or in the previous November. Sold home prices are also up. A home purchased in January, 2011 would cost about $10,000 more in November. Do you want to buy a home in Portland? Can you believe these interest rates? Fixed rate FHA loans and conventional loans are still under 4%. Now if buyers just had a few more homes to choose from… (Looking for Portland homes for sale? You can search the entire Portland MLS from this...
read morePortland Real Estate Market Conditions October 2011
How’s the Portland Real Estate Market? Portland home sales this year are shaping up to be an improvement over 2010. According to the latest stats from RMLS, closed sales are up again compared with last year. For October 2011 closed sales are up 14.1% compared with October 2010. Pending sales are also up 15.1% compared with last year. Thinking of buying a home in Portland? Last week the 30 year fixed rate for an FHA loan was still 3.75%. Amazing! Who knows how long these low rates will last. Thinking of selling your home in Portland?...
read morePortland Real Estate Market Conditions September 2011
Here’s some good news for Portland real estate. Closed sales and pending sales are up over last year this time. Comparing closed sales for the third quarter of 2010 with the third quarter of 2011 closed sales were up a whopping 21.5%. (Pending sales increased 21.6% and new listings were down 27.6% over third quarter last year.) Thinking of buying a home in Portland? Last week the 30 year fixed rate for an FHA loan was 3.75%. Amazing! Who knows how long these low rates will last. (This report is a snapshot in time. To compare September with...
read morePortland Real Estate Market Conditions August 2011
Wow, Portland real estate sales have really improved… judging by the August 2011 numbers from our local MLS. Closed sales are up dramatically (30.7% over the previous August) and pending sales are also up. Portland home buyers must really be taking advantage of the extremely low interest rates. Last week the 30 year fixed rate for an FHA loan was 3.8%. Amazing! (This report is a snapshot in time. To compare August with previous months, see my other Market Conditions Reports.) Portland Real Estate Market: Sales Closed and pending...
read morePortland Real Estate Market Conditions July 2011
July 2011 was an interesting month for the Portland real estate market. The MLS has published the monthly stats. Let’s try to make sense of it. To compare July 2011 figures with June 2011 check my previous blog. A snapshot of the Portland real estate market for Buyers and Sellers: Remember July? That’s the month the entire country (the entire world?) held its breath waiting for the US Congress to raise the nation’s debt limit. Uncertainty abounded. Hardly a time to make the biggest purchase of one’s life. And yet July 2011 saw...
read morePortland Real Estate Market Conditions June 2011
The June numbers are out. Now we have half a year of information about the Portland real estate market, prices of homes for sale in Portland and how many homes are selling compared with last month and the previous June. To compare June 2011 figures with May 2011 check my previous market conditions blog. A snapshot of the Portland real estate market for Buyers and Sellers: Portland home prices continue their gradual rise. Since January 2011 the median sold price for Portland homes has increased $7,900. (See the chart below.) As prices start...
read morePortland Real Estate Market Conditions May 2011
Here’s the latest information about the Portland real estate market for May 2011. It’s a slow but steady upward trend in the Portland real estate market. The median sold home price has shown a small but consistent upward trend every month of 2011. January 2011’s median price was $215,000. In May the median price is $220,000. Portland home buyers: It’s time. Let’s go look at homes! To compare May 2011 figures with April 2011 check my previous market conditions blog. A snapshot of the Portland real estate market for Buyers: In...
read morePortland Real Estate Market Conditions For April 2011
Here are the latest figures for the Portland real estate market for April 201 (courtesy of RMLS). In a quick summary, the market is worse than this time last year, but shows steady improvement for the first four months of 2011. To compare April 2011 figures with March 2011, check my previous blog. A snapshot of the Portland real estate market for Buyers: If you are thinking of buying a home in Portland, now is a good time to act. The number of homes to choose from is shrinking and prices are starting to rise. They are currently at 2004...
read morePortland Real Estate Market Conditions for March 2011
I wouldn’t call it a real estate boom. But we’re definitely moving in the right direction. Closed sales are up, pending sales (in escrow) are up. In addition there was a small increase in new listings compared with last month. We are slowly returning to a more normal market. To compare March 2011 with February 2011, check my previous market conditions blog. A snapshot of the Portland real estate market for buyers: The median price for a home in Portland is $215,000. Prices in the Portland real estate market may be starting to bottom out....
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