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
A New, Dynamic Portland Real Estate Map
Ever feel like you’re searching for a needle in a haystack while sorting through real estate listings? You know what you want. You know what you don’t want. But how do you find exactly what you’re looking for with so many options and when the market shifts and changes daily, sometimes hourly? We have the […]
Portland Real Estate Market Update – November 2021
It’s no surprise that home prices in Portland have increased over that past 18 months due to the COVID-19 pandemic. Problems with low inventory and buyers wanting to leave urban areas (Portland suburbs prices have risen faster than the city proper’s) or create better work-from-home situations have driven up real estate in the entire metro […]
Portland Real Estate Market – 4th Quarter 2021
It’s no secret we’re living in unprecedented times in the world of real estate. Market prices have risen across the country and so have home inventory supply and demand issues, all induced by the pandemic. However, according to the National Association of Realtors, the real estate market is slowing down this fall, median sales prices […]
Portland Property Taxes Going Up in 2022
Multnomah County passed a new measure in May 2021 that will impact property tax payers in Portland in 2022. This is in addition to the three new measures passed in November 2020 and the usual 3% increase Portland homeowners see every year. Additional measures could be voted on in November 2021 that will increase property […]
Portland New Home Construction Up or Down by the End of 2021?
2020 marked a noticeable drop in residential construction in the Portland Metro area due to the pandemic. In 2021, not much has changed. In fact, we’re seeing a marked slump in new home construction, despite recently passed, truly historic, higher density zoning rules in Portland. Let’s see how the Rose City is faring so far […]
Portland ADU Guide, 2022. Two Per Lot and Less Restrictions
Now that Accessory Dwelling Units (ADUs) are allowed in every city in Oregon, Portland will likely see an influx of home additions and new ADU construction, especially with the passing of the city’s Residential Infill Project (RIP) that went into effect this August 2021. If you’ve been toying with the idea of adding an ADU […]
A 6,000 Square Foot, 35 Foot High, Six-Plex can be built next to Your Portland Home.
The Portland residential infill project is now live. The high density Portland plan went into effect August 1st, 2021. Initial public comments on the revolutionary, highly contested plan exceeded 15,000. The details of the plan are so extensive, the City of Portland has assigned a dedicated phone number and email for it, and the RIP […]
Beaverton Real Estate Market and Forecast for 2022
The Beaverton Real Estate Market is Cooling Off You can see the fall cooling effect on the Beaverton, Oregon real estate market above in slowly increasing inventory numbers, increasing average days on market, and increasing price drops. The Portland metro real estate market is seasonal and this cooling is expected each fall. The seasonal aspect […]
Portland Real Estate Market Fall 2021 Update
The Portland real estate market has been on a tear, following a national estate trend for 2021. Portland proper and all metro suburbs are up in price this year from 10% to 20%. See how each Portland suburb market has fared so far in 2021 here. This is after the Portland real estate market was […]
2022 Portland Real Estate Market Forecast (Prelim.)
The Portland real estate market has been on a wild ride since early 2020. The real estate market here was actually slowing and becoming more affordable back in 2017, and that trend continued until the pandemic hit. Year zero, or 2020, was the most unusual in my real estate career (licensed for 18+ years now […]
Top 5 Portland Real Estate Market Stories of Summer 2021
It’s been a roller coaster ride of a year for the Portland real estate market. After over a year of a global pandemic, demand for single family housing shot through the roof, and Portland’s supply struggled to meet that demand. All year we’ve been monitoring the effects of this situation on the market. Accordingly, the […]
June Home Sales in Portland Real Estate Market Beat Out Past 10 Years
If you’ve read this blog at all this year, you know that one of the biggest stories we’ve been following is Portland’s low inventory. Yet if you read the title of this post, you know that home sales are still going through the roof. So how do these two truths not contradict? First, let’s talk […]
As Portland Home Prices Soar, Home Affordability Takes a Hit
Low inventory and rising home prices have made themselves felt here in Portland, as they have across the country. According to the latest numbers from Fannie Mae’s Home Purchase Sentiment Index® (HPSI), 64% of respondents feel that right now is a bad time to buy a home, while 77% feel it’s a good time to […]
Portland Housing Supply: Here’s What the Future Looks Like
All year we’ve been covering the big real estate story of the pandemic: the lack of single family homes. With inventory at an all time low, and demand through the roof, it’s only a matter of time before buyers begin considering other options – not to mention developers. Now, the current situation in Portland’s housing […]
Portland Foreclosures For Sale, Current Rates and REO Forecasting – 2021 Update
3 Ways to Find Portland Foreclosures For Sale Public Market Foreclosures If you’re interested in purchasing a foreclosure in the Portland real estate market, there are generally two ways to go about this. The first is the easiest and that is by searching for all foreclosure homes banks have currently listed on the public market […]
Average HOA Fees in Portland 2021. Are your HOA fees too high?
Some HOA fees are too high due to past mismanagement There are some condo complexes in Portland right now that have higher monthly HOA fees than the cost of the monthly mortgage if you were to buy one of their condos for sale. This happens for two main reasons. First, sometimes HOA management collected too […]
When my wife and I decided to sell our home we started to search for agents who work for less than the 6% standard commission. Slightly skeptical, I decided to call Stephen for a consultation. Stephen came very prepared with comp sales, marketing techniques, and several other items pertaining to the sale I never would have considered. We sold in six days.
Denny
