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
Certified Portland Short Sale Agent
The Portland real estate market has been doing great lately. It’s a seller’s market – prices are up, inventory is down. But some Portland homeowners are still not joining the party, even though they’d love to sell. That’s because about 10% of them are underwater on their mortgages. Going underwater on a mortgage, or owing […]
Hillsboro Real Estate Market up in February 2015
Portland saw its best February for closed sales since 2007, according to the RMLS report that came out last week, and RMLS numbers also revealed that Portland has a real estate superpower sitting just up the hill! First, Portland, where numbers improved across the board, from new listings — up nearly 25% compared to February […]
FHA Offers 3% Down-Payment Loans for First-Time Home Buyers
Starting next month, Fannie Mae and Freddie Mac — the lenders of the Federal Housing Authority — will offer home buyers mortgages with just a 3% down payment through its Home Possible Advantage loan program. On a $300,000 home, that means just $9,000 up front, plus closing costs. Is this a good idea for Portland […]
Portland’s Housing Market Future – New Downtown Plan 2015
City planners, business owners, economists – and busy real estate agents! – agree: Portland’s population is growing. The metro area, which encompasses Multnomah, Washington, Clackamas, Clark, Skamania, Yamhill and Columbia counties, is forecast to reach 2.3 million next year. And that number could hit 3 million or more by 2035. That’s probably why the Portland […]
Portland Market Short Sales and Foreclosures 2015 Update
Portland Foreclosures: So five years ago? Not quite. Since the housing bubble burst in 2009, and hundreds of homes went into foreclosure, Portland home buyers and sellers have adapted to a market composed of about 10% bank-owned homes and short sales. While the number of foreclosures has definitely lessened since the burst of the bubble, […]
Portland Real Estate Market Review of 2014, Projections for 2015
It’s time to take a look back at 2014 and ask the big question: What kind of a year was it for the Portland real estate market, home buyers and sellers, and real estate agents? If you guessed “great”, you’re right. Home prices went up and so did the number of new listings, and Portland […]
2015 Spring Buying Season Starts Now in Portland
Here is (in summary form) everything you need to know about the Portland real estate market in 2015. Best time of the year to sell, best time to buy! The real estate season is a bit like Christmas – it seems to start a little earlier every year. Traditionally, homes sell the best in summer […]
Sell your Portland Home Fast in 2015
In 2014 I sold 54 Portland area homes as their listing agent in less than 30 days. In about 3 weeks from now, I’ll be releasing a little e-book titled, “5 Secrets to Selling your Home in Less than 30 Days.” It will be available on Amazon.com and other sources. I thought I would write […]
Mortgage Debt Forgiveness Act Has an Uncertain Future
A few good things came out of the bursting of the housing bubble in 2007/08. It drew attention to irresponsible banking practices, launched the tiny house movement in Portland and across the nation, and prompted congress to step up for those who were about to lose their homes. The Mortgage Debt Forgiveness Act was part […]
November Real Estate Market: Low inventory, more pending
The numbers are out for the Portland real estate market this November. How did we do? The RMLS report shows the expected seasonal slowdown, with fewer new listings than in October, as well as a decline in pending and closed sales. The good news is that these numbers are, for the most part, better than […]
Can Portland Real Estate Market keep up with Population Growth?
It’s hard to say whether Portland’s population is growing because of jobs, the “hip” factor or because this city is really one of the best in the country for people of all generations and backgrounds. In any case, in June of this year Metro planners were estimating that Portland, Oregon will add 750,000 people to […]
Record-setting September for Pending Sales in Portland 2014
September brought cooler weather to the Portland area but it didn’t cool down the real estate market! Yes, this is a time of seasonal quieting for home buyers and sellers, but the year overall is proving to be a bright one for Portland real estate agents and their clients. A look at the latest RMLS […]
Portland Real Estate Market: Economic growth drives home sales
Good news from the RMLS across the data fields for the month of June: The number of closed sales in the Portland real estate market is up over 4% from last year, the number of days on market continues to fall, and the average and median sales prices in Portland for June 2014 were both […]
Portland Home Sales, Acquisition Statistics, First Half 2014
Okay, so the 2014 Portland real estate market is not quite half over yet, but we are close and I find the acquisition numbers fascinating so far. In the last six months, 3734 Portland homes have sold and 961 Portland townhomes and condos. Of the regular Portland home sales, 762 or 20% were cash sales. […]
Portland Real Estate Market March 2014: Fresher than ever
Things that aren’t very good stale: Crackers, beer and the Portland real estate market. Luckily, Portlanders can fear no more this spring about stale real estate because the real estate market is fresh as a newly hatched chick (besides, here in the rainy Northwest, soggyness is a greater danger than staleness). According to a recent […]
Portland Real Estate Market News: Busy, Snowy February 2014
RLMS Market Action report for the Portland Metro Area, released this week, focused on February’ highlighted the number of closed sales in February, a whopping 1,467. According to the report, this was the best February in the Portland real estate market for closed sales since 2007. What does that mean? The average time on the […]
We have worked with many Realtors over the years and Stephen is by far the best we have ever met. He's very knowledgeable and gets the job done quickly. We had multiple offers after one day, not because we were under priced but because we had maximum exposure at the appropriate price!
Karen
