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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 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....
read morePortland Real Estate Market Conditions for February 2011
February’s numbers for Portland real estate sales are now available. They look a lot like January’s. There are less active and new listing homes for sale in Portland and the metro area. However in February there were more closed home sales than in January or in the previous February. To compare February 2011’s numbers with January 2011, check my previous market conditions blog. A snapshot of the Portland real estate market for buyers: While the number of Portland homes for sale to choose from is going down (through homes being sold and...
read moreHow bad is bad? The drop in Portland real estate values
How much did we lose in Portland real estate value? The numbers are in for the entire past decade now. What’s your guess? Is the median sales price for a home in Portland down to the level it was in 2000? 2002? That’s what most people say when I ask the question. (I frequently write about the Portland real estate market. Check out my other blogs here.) There has been so much bad news in the media about falling values. Everyone thinks we’ve lost the entire decade’s worth of home appreciation. Buyers think they should be...
read morePortland real estate market conditions January 2011
The Portland real estate stats for January 2011 are in. There’s some good news — closed sales are up and inventory of homes for sale in Portland is down– and some not so good news –home prices are still going down. To compare January 2011 figures with December 2010 check my previous blog. Comparing January 2011 Portland real estate numbers with January 2010: closed sales increased 5%, pending sales decreased 3% and new listings are really down—20.5%. The average sales price for Portland real estate dropped 11.9% January 2011...
read morePortland real estate market conditions December 2010
The Portland real estate market had mixed results in December according to the RMLS Market Action report. Closed sales were up for the month. Inventory—available homes for sale in Portland—were down. To compare December with the previous month, check my previous market conditions blog. Comparing December 2010 with December 2009: there were 2.9% less closed sales. However pending sales increased 6% and new listings were down by 8.5%. (Remember, December’s pending sales are generally January’s closed sales. So expect brighter news next...
read morePortland real estate market conditions November 2010
A quick post of the November 2010 Portland real estate statistics before the December figures come out. The November figures continue a downward trend but only by 1% compared to the previous month. Does this mean the downward slide is slowing?? To compare November with the previous month check my previous market conditions blog. Comparing November 2010 with November 2009, let’s remember that first time home buyers didn’t know the tax credit deadline of November 30, 2009 would be extended into 2010. Because of this many buyers who...
read morePortland real estate market conditions October 2010
The numbers for October still portray a slow market for Portland real estate. While this is frustrating for sellers, it means continued opportunities for home buyers. To compare with last month, check my previous market conditions blog. Comparing October 2010 with October 2009, closed sales are down 35.7%, pending sales are down 21.5% and new listings are also down by 9.4%. These numbers seem terrible. But think about what was happening last October. The First Time Home Buyer Tax Credit was set to expire after November 30, 2009. Many, many...
read morePortland real estate market conditions September 2010
September’s numbers for the Portland real estate market really don’t show improvement. In fact it could be called our incredibly shrinking market. To compare with last month check my previous market conditions blog. Looking at September 2010 compared with September 2009, closed sales are down by 22.3%, pending sales decreased 30.7%. New listings are down 1.4%. The average sales price is down 3.5% and median sold price is down just a hair—0.6% Comparing September 2010 with August 2010, closed sales are higher by 1.3%, but pending sales...
read morePortland real estate market conditions August 2010
How’s the Portland real estate market? It depends on how you look at it. Comparing the August numbers with the same month in 2009 is depressing. But looking at 2010 so far (January-August), things are looking up over the same period of 2009. To compare these figures with last month, check my previous market conditions blog. August home sales for the Portland metro area look glum when compared with August 2009 sales figures. Closed sales are down 25% and pending home sales are down 21.7%. New listings went up only 1.3% compared with August...
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