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
Hot Real Estate Market, Hotter Portland Neighborhoods!
The new year is off to a good start for Portland real estate buyers, sellers and agents, according to the RMLS Report for the Portland Metro area for December 2013. The figure that stands out in this month’s real estate market report is that median and average home sale prices in the Portland area are […]
Average Days on Market in Portland Real Estate by Area 2014
Entering into the 2014 Portland Real Estate Market it is crucial to consider the average days on market in 2013. At the end of 2013 North Portland had the fastest average days on market at a speedy 45. Average days on market is a strong indicator of what part of town is truly up-and-coming and […]
Portland Real Estate Market 2014 Prediction
Portland should have a banner year in real estate in 2014. Portland’s “underwater” mortgage rate is among the nation’s lowest. Corelogic is reporting only 6.6% of the Portland real estate market has mortgages higher than what the property is worth. This is way down from what Zillow reported in the Portland market in early 2012, […]
Rent Vs. Buy in Portland Real Estate Market Prediction 2014
Which is a better investment? Should you avoid risk and keep renting, or bite the bullet and purchase a home? Here are some key factors to consider: Portland area rents have incrased an average of 5% in 2013. That is an annual “depreciation” of -5%. In contrast home prices have risen in Portland 10% from […]
Portland Real Estate Market Update: Autumn as usual?
The Portland real estate market – just like real estate markets across the world – has its yearly cycle. For any number of reasons, buying and selling activity slows down in the winter, picks up in the spring, goes crazy in the summer, and quiets down again in the fall. Given these cycles, one would […]
Portland Real Estate Market: Strong End to Summer
By all accounts in the real estate business, it was a successful summer in Portland. The August RMLS report for the Portland real estate market paints the picture in numbers: In August alone, 2,623 buyers closed on the perfect home – and, as it usually goes in the summer – there were even more closed […]
Tiny Homes are Big in Portland
Imagine coming home and taking two steps to the kitchen, grabbing some food, turning around, and sitting on the couch. When it’s time for bed, you stand up and go up the ladder to your loft. Your home is less than 100 square feet, cost less than $5,000 to build and is so small that […]
Foreclosures and Short Sales in Portland: Dropping Fast
Home shoppers intent on snagging a deal on a short sale or foreclosed property in the Portland area had better act fast. Recent reports indicate that the number of new listings coming on the market is shrinking, while low inventory and rising home prices indicate that the supply of distressed properties won’t last forever. Quick […]
Be Aware of Real Estate Scams in Portland
You’re behind on your mortgage payments and the bank is threatening to foreclose. Then you receive an offer from someone claiming to be from a credit agency. They say they can sell your home, saving your credit and your peace of mind. Can you believe them? Of course not. Unfortunately, that call is not so […]
Has Fannie Mae Solved the Short Sale Maze?
As many in Portland have already experienced, buying or selling a home through the short sale process can be a bit of a maze. Although short sales are an invaluable tool for underwater home owners, many offers fall through because one or more parties can’t agree to terms in the agreement. For home owners, the […]
April 2013 Portland Market Action Report: A great time to sell!
The Oregonian reports this months that Portland home sellers are throwing out their to-do lists and selling their homes as-is, in response to low inventory and rising home prices. Meanwhile, Portland real estate agents are having to look high and low for properties that meet their buyers’ needs. There’s no doubt that April was a […]
Portland Housing Inventory is at Record Lows 2013
Can’t find a home? You’re not alone. Believe it or not, there are half as many (about 6,000) homes for sale in Portland this spring of 2013 verses the Portland housing inventory in spring 2011 (about 12,000 homes for sale). Multiple offers are becoming the norm in hot areas for any home that is priced […]
A Busy 2013 Spring for Portland Real Estate Agents
U.S. home sales are at three-year high, according an Associated Press story this week. Are Portland home sales following the nationwide trend? Judging from the February RMLS Report on the Portland real estate market that also came out this week, it looks like we’re on track to have a very fast-past year, indeed. Market inventory […]
Portland Short Sale Agent 2013
Your home is valued at less than what you owe on your mortgage. You’re experiencing financial hardship and need to downsize to a new home but can’t sell your underwater home until the market changes. You don’t want to ruin your credit or be in a situation where you have to wait for months to […]
Mortgage Debt Relief Act Extended!
The Mortgage Debt Relief Act of 2007 has been extended by Congress until January 1st, 2014. Here at RealEstateAgentPDX.com, we’ve been following the developments with significant interest (two previous articles: What is the Short Sale Tax? and Short Sale Tax Exemption Could End Soon). This is excellent news for anyone who needs to short sale […]
Portland Real Estate Market Heading Up
The Portland real estate market is likely on an upswing, according to Lawrence Yun, chief economist of the National Association of Realtors and others who presented at the 2012 Realtors Conference and Expo. This is welcome news to nearly everyone involved in the real estate industry. As long as lenders are able to continue to […]
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