Portland Real Estate Market
The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.
Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.
If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.
Stephen FitzMaurice, Realtor
1.7% to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
Portland Real Estate Nearly Stronger than Pre-Recession
Federal Reserve policy makers met last month to decide whether to raise the federal interest rate, and their decision to keep it at the near-zero level reverberated through the real estate industry. The rate fell six years ago in response to the crash in the housing market, and the extended period of low interest has […]
Portland Home Demolitions Reveal Asbestos
Like a zombie on Halloween night, a terror has been unleashed on Portland this fall, one that homeowners thought was safely sealed away.While not quite as threatening as the undead, asbestos is a public health threat that hasn’t been well controlled by government regulators. Asbestos, a material that was commonly used in buildings until the […]
Milwaukie: Portland Real Estate’s Next “Hot Spot”?
Portland’s real estate market is definitely hot, and that’s a categorization that supersedes seasonal fluctuations. For the past several years, home values have gone up and demand keeps growing, with homes lasting just a few weeks on market before being snapped up. Now, that heat seems to be spreading to nearby areas. Home buyers are […]
Portland Versus California: What’s driving migration?
The Oregon real estate news sites have been abuzz with renewed angst from Portlanders about the migration of Californians to Oregon’s biggest metro area. From writing angry comments below news articles to actually slapping “no Californians” stickers on real estate agents’ for-sale signs, some people are really having a hard time accepting that someone from […]
July Real Estate Market is HOT in Portland
The Portland housing market was as hot as the weather last month, according to the latest report from the RMLS. What qualifies a housing market as “hot”? If you ask a real estate agent, the first thing he or she will probably say is “low inventory”. It’s supply and demand — when there are fewer […]
Portland Home Buyers are Ready to Retire
Is Portland’s housing market ready to accommodate the coming flood of retirees? According to the U.S. Census Bureau, the number of people 65 and older in Washington County (West Portland and suburbs) grew 24% from 2010-2014. That’s just the leading edge of the baby boom, the majority of whom are going to turn 65 in […]
Is the Urban Growth Boundary Good for Portland Home Values?
What’s the best thing about living in Portland? Some say it’s getting out of Portland! Not only do we have incredible wilderness areas and parks within a day’s drive, out-of-towners are always amazed at how quickly the city vanishes in your rearview mirror. Where’s the sprawl? Thanks to Oregon’s unique land use system, it pretty […]
Portland Foreclosures are Down, But Not Out
“Underwater” sounds like a nice place to be during this Portland heat wave, but if you’re a mortgage holder, that word is enough to give you the shivers on even the hottest day. Fortunately, the latest data from RealtyTrac shows that foreclosures are down. In May 2105, the number of properties that received a foreclosure […]
Affordability – 2015 Portland Housing Market
Is Portland an affordable place to buy a home? It’s a complicated question and how you answer it depends on what’s important to you. Luckily, we can count on the RMLS to break it down for us in simple numbers. It’s called the Affordability Index, calculated by our friends at the National Association of REALTORS®. […]
New Portland Real Estate Market Data
The RMLS — the official property database for the Portland real estate market — has just released some exciting new reports! Now, I know that the words “report” and “exciting” don’t usually go together, but numbers are my secret weapon — and yours, too. The more we know, the better we can market your home […]
Is Your Portland Home Selling?
How many showings should your home be getting once it goes on the market? As a Portland real estate agent, I’ve learned that every seller has their own expectation – some are fine with one potential buyer looking around every week are so, some are calling in indignation if their home gets less than ten […]
New Beaverton, Aloha Zip Codes 97078 and 97003 – July 1st, 2015
Due to population growth the U.S. Postal service is adding zip codes 97003 and 97078, breaking up the current (and rather massive) 97006 and 97007 zip codes. There are nearly 42,000 zip codes in America. Why is this important to the Portland real estate market? According to a spokesman for the U.S. postal service, “It’s […]
April RMLS Market Report Shows Tight Inventory in Portland
The latest Portland Real Estate Market report from RMLS shows the market coming out of a hot spring and into an even hotter summer. With real estate inventory dropping down to 1.8 months, a low not seen since 2005, Portland home buyers and real estate agents are having to work extra hard to get their […]
Google Moving into Portland Real Estate Downtown
When Google opens up its new office in Portland, Roman columns and carved bronze will suddenly become high-tech. The U.S. National Bank Building, an architectural landmark downtown, has been leased to the search engine giant. While certain subsidiaries of Google have been in the city for the past five years, this Google outpost will be […]
ADUs Relieve Pressure on Portland Housing Market
Accessory Dwelling Units, or ADUs, are really taking off in Portland. It’s not just Portland real estate agents who are taking notice. In some high-density Portland neighborhoods, these tiny houses make up 10-15% of dwelling units, according to BikePortland.org. Over 200 new ADU permits were issued in 2014 alone. Part of the explosion is due […]
Portland Housing Market: Best Place to Retire?
The popular TV show Portlandia once quipped that Portland is where young people go to retire. It turns out it’s where those who are young at heart go to retire, too. Portland’s residents already include over 64,000 who are 65 or older. Portland State University’s Institute of Aging, expects this number to grow 106% in […]
I am so grateful for my choice in Stephen. Being able to have total confidence in him made the experience of selling my house stress free. He is friendly, focused, professional, and to the point. Best Realtor I have ever used, period.
Amy
