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
The National Housing Shortage Continues: How Does Portland Shape Up?
We’ve been talking about it for months now. With demand for housing, particularly for single family homes, through the roof, Portland has been struggling on the supply side. And we aren’t alone. All year and across the country, real estate markets struggled with a lack of existing home sales, all while demand for more space […]
Where in Portland are Home Prices Rising the Fastest?
Rising home prices: possibly the real estate story of the year across the U.S. Naturally, then, we’ve been covering Portland’s historically low inventory, which is driving home prices up, for months now. And it’s unlikely prices will fall anytime soon, if at all. But if you just watch the local news, what you’re likely to […]
SW Portland Alpenrose Dairy could turn into 193 Home Subdivision
In what could be good news for Portland’s housing shortage, the former Alpenrose Dairy property in Southwest Portland might soon be the site of a new, 193 house subdivision. In August of 2019, Alpenrose sold to Smith Brothers Farms of Washington State. Since then, the fate of the 56 acre property on Shattuck Road has […]
How Long will Home Prices Rise Across the U.S.?
Home prices on the rise – the topic that has flooded the news, including here. The fallout from the pandemic has undoubtedly made its mark on all aspects of the economy. But the housing market differs from other industries in that it’s stronger than ever… for the seller. High demand and low interest rates keep […]
Portland Real Estate Market Report: Interest Rates Steady, Demand High 5/2021
Last week, the Bureau of Labor Statistics released the jobs report for April, and it was a huge blow. According to the report, the U.S. added 266,000 jobs last month. In any normal era, that would look pretty positive. But in the time of Covid-19, it’s a different story. Experts had predicted that we’d add […]
Home Prices Soaring in the Portland Real Estate Market
The trend of home prices has only proved itself stronger this week. On Tuesday, Case-Shiller reported the biggest home price increase in 15 years. Their home price index found a 12% annual gain for the month of February, the highest recorded since 2006. That’s up from 11.2% in January. The S&P CoreLogic Case-Shiller Home Price […]
How Big Should Your Next Home Be?
How big? It’s one of the first things that might come to mind when buying a new home. You likely already know that home sizes in the U.S. increased considerably since the middle of the 20th century. We can bemoan “McMansions” until the cows come home (the term generally connotates poor taste). But the fact […]
Portland Zip Code Map: 2021 Update
Zip codes are just another part of our everyday life, right? We use them, but most of the time don’t think much about them. But understanding how the zip codes work in your area helps when you’re buying or selling a home. Knowing your zip code, or the zip code you’d like to live in, […]
Market Update: Will Portland Climb Out of the Inventory Slump?
According to the latest RMLS data, Portland may be hitting another record low for housing inventory. The 90 day average sits at 550 active listings, down from 891 last year. Portland’s inventory crisis consistently topped the list of biggest Portland real estate news stories over the past year, with the pandemic making a clear impact. […]
Portland Real Estate Market: April 2021 Report
Back in January, we predicted that March of 2021 would be possibly the best month during which to sell a home. And certainly, if nothing else, we hit a new peak seller’s market. This peak will likely last through April and run into May (though it may start slowing down in May as inventory typically […]
Portland Real Estate Market Report: March 2021
We’ve been following the low inventory in the Portland real estate market for a while now. But now that we’re into March – marking a year since the pandemic came into being full tilt – we’re also likely looking at a huge change in inventory on the horizon. We believe that a lot of folks […]
Portland Home Affordability Rate: 2021 Report
Housing affordability is a universal and complex topic. So is the global pandemic we’re all navigating. Portland’s shortage of inventory hasn’t helped housing affordability over the past year, nor has it shown any signs so far of slowing. When it comes to buying a home in Portland, how should prospective buyers wade these troubled waters? […]
Top 5 Real Estate News Stories of 2021 So Far
As much as we may be sick of hearing about it, the long and the short of it remains that Covid-19 continues to dominate the biggest real estate news stories. While some aspects of the market are undeterred by the pandemic – buyer demand, notably – others remain markedly affected. As 2021 unfolds, the virus […]
Portland Real Estate Market Update February 2021
Portland home prices have been on the rise for the past several years. But we’re not alone. Home prices across the nation were up an average of 10% in 2020, according to the Washington Post and Attom Data Solutions. So how is Portland shaping up? Keep reading to learn how much it costs to buy […]
Portland Vs. California: What’s Driving Migration in 2021?
It’s old news that Californians love Portland, and a lot of them have been moving here! It’s a trend that’s been going strong for many years now, sometimes to the chagrin of native Portlanders. According to the Oregon Employment Department, Oregon saw an average net in-migration of 21,784 Californians every year from 2014-2018. While there’s […]
Portland Real Estate Condo Market 2021
Portland Condo Market 2021 Condos finished better in 2020. As in all Portland market sectors, it was a rough spring, with buyer activity tanking in March. But things picked up again in summer, and the peak month for 2020 condo sales was September, when nearly 900 were sold. Numbers stayed strong through the remainder of […]
Stephen made the experience of selling my first house seamless. I live in another state but he kept me informed and moved the process along without a hitch. The only thing another agent could have done differently was charge a much higher commission. I only wish he was able help me purchase in my state. Highly recommend his service and business model.
Julie
