How’s The Portland Real Estate Market?

How’s The Portland Real Estate Market?

Is the Portland real estate market better for buyers or sellers right now?

Learn what’s happening in the Portland real estate market. Know if home prices are going up or down. Find out how long homes are taking to sell. Educate yourself about the market if you’re getting ready to buy a home or sell a home in Portland. Each month I share my 25+ years of real estate experience to help you evaluate the latest Portland real estate market info from the RMLS (Portland’s multiple listing service).

Portland Real Estate Market Conditions First Q 2013

Posted by on May 2, 2013 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market Conditions First Q 2013

How’s The Portland Real Estate Market? The first quarter of 2013 proved that the Portland real estate market continues to recover.  “Both accepted offers and closed sales earned ‘Best March since 2007′ honors,” according to the RMLS Market Action Report. You may remember that 2007 was the last boom year before the crash. In addition the median sold price for Portland homes was up a whopping 16.6% over the first quarter of 2012. Talking About The First Quarter Of 2013. Portland real estate activity is up. Sold...

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Portland Real Estate Market Conditions for December

Posted by on Jan 23, 2013 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market Conditions for December

How’s the Portland real estate market?  It’s much improved for 2012 compared with 2011. Take a look at this summary chart. As we climb out of the housing recession, 2012 was a pivotal year. Portland real estate prices are up, number of closed and pending sales are up, market time is down. The main issue now is there are not enough Portland homes for sale to satisfy all the buyers. Are you looking for Portland homes for sale? You can search the entire Portland MLS from this web site. Customize your search according to your house criteria,...

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Portland Real Estate Market for October

Posted by on Dec 5, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market for October

The Portland real estate market is seeing some of its best numbers for since 2006. The median sold home price ($243,300) is 11.7% higher than last October and 2.1% higher than last month. The number of closed sales is a whopping 42.7% higher than the previous October. Accepted offers for October 2012 are 15.9% higher than the same month of the previous year. The only figure that is down is the number of listings available for sale. We now have only 3.8 months worth of homes for sale at the current rate homes are selling. We haven’t seen...

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​Portland Real Estate–Short Sales & Foreclosure Trends

Posted by on Oct 31, 2012 in Portland Real Estate Market Conditions | 0 comments

​Portland Real Estate–Short Sales & Foreclosure Trends

Are we distressed about the Portland real estate market? The short answer is that the Portland real estate market continues to improve each month. Information from RMLS (Portland’s regional multiple listing service) for the first three quarters of 2012 show continued good news. In the Portland real estate market distressed properties means homes that are sold as short sales or as bank owned foreclosures (sometimes called REO or “real estate owned” properties). A large number of distressed homes for sale make it harder for...

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Portland Market Conditions for September

Posted by on Oct 19, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland Market Conditions for September

  We now have data for the Portland real estate market for 3/4 of the year and all the stats are up compared with the first three quarters of 2011. The median year to date sales price is 3.8% higher than the same time period last year. The time it takes to sell a home has gone down 20.7% –  from 145 days last year to 115 days this year (looking at the first 3/4 of 2011 and 2012). This September hasn’t been surpassed for number of closed sales since September 2006–before the troubles began. In the Portland real estate...

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Portland market conditions for August

Posted by on Oct 17, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland market conditions for August

Wondering how the Portland real estate market is doing? Good news. Every way we measure real estate activity is better for August 2012 than for August 2011. Closed sales are up; accepted offers are up; median sold home prices are up. The only thing that is down is mortgage rates. And we like that too! Are you looking for Portland homes for sale? You can search the entire Portland MLS from this web site. Customize your search according to your house criteria, schools and lifestyle needs. Give it a try. Learn about Portland foreclosure trends...

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Rent Or Buy Portland Real Estate

Posted by on Sep 7, 2012 in Buying a Home, Portland Real Estate Market Conditions | 0 comments

Rent Or Buy Portland Real Estate

Wondering if you should buy some Portland real estate or simply rent a home? Owning your home can save you money every year according to the chart below. Why? — Partly because of the tax advantages of home ownership; partly because rents on local homes seem to be rising faster than prices of Portland real estate. When you buy a home you can lock in your house payment for 30 years. Rents can rise every year. Here are some questions you need to answer in your rent vs buy considerations: How much do Portland homes cost in your area? Check...

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Portland Real Estate Market Conditions July 2012

Posted by on Aug 21, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market Conditions July 2012

  How’s the Portland real estate market?  July’s report  continues to show good news. All areas of Portland real estate activity for July 2012 show improvement over July 2011. (See the charts below.)  Portland homes for sale are selling faster. The average market time for a home to sell is now 100 days. In the previous July (2011) it was 132 days. For June 2012 the average market time was 114 days. Are you looking for Portland homes for sale? You can search the entire Portland MLS from this web site. Customize your search according...

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Portland Real Estate Market Conditions June 2012

Posted by on Aug 6, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market Conditions June 2012

How’s the Portland real estate market? Up, up, up is the answer. According to the RMLS Market Action Report for June 2012, “Every measure of real estate activity is positive when comparing June 2012 with June 2011.” Check out the charts below. The last time there were this many sold homes in Portland in one month was August, 2007. Home loan rates courtesy of Northwest Mortgage Group. Sold prices for Portland homes for sale are up. Take a look at the chart below for median sold price for Portland real estate. Are you looking...

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Portland Real Estate Market Conditions May 2012

Posted by on Jul 5, 2012 in Portland Real Estate Market Conditions | 0 comments

Portland Real Estate Market Conditions May 2012

How’s the Portland real estate market?  Up. That’s the big news about May 2012 numbers for Portland home sales. Prices are up, closed sales are up and accepted offers are up too. Check out the chart below: Portland home sale prices may have reached their low and begun to climb. Here are the median sold prices for Portland real estate for the past 12 months.   Are you looking for Portland homes for sale? You can search the entire Portland MLS from this web site. Customize your search according to your house criteria, schools and...

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