As of July 31th, 2015 the median list price for residential real estate in Portland, Oregon is $449,350 and showing a strong upward trend. In contrast, the average asking price is $589,851. There are 1181 property listings currently listed with
As a short sale specialist and Realtor in Portland, Oregon it is my opinion that our current housing rise will hit a bewitching hour when homes simply outstrip buyers’ ability to afford them. Stagnant wages mean that prices will have to level out or settle at some point down the road. How quickly we arrive at that critical mass of affordability will likely depend on whether home prices plateau or continue to rise.