The market in Portland, OR has remained relatively flat of late. Positive signs include shrinking inventory and lowering average days on market for Portland Condos while decreased action from strong buyers seems to be balancing out supply and demand for the time being. Although the trend of decreasing buyer action could cause settling if left unchecked. NW Portland offers finely crafted complexes with a plethora of modern amenities so some of the increase in asking price per square foot and median list price may be partly due to larger, newer units are being sold more frequently at this time.
The accompanying graphs show price trends for these types of properties. Most would definitely still define this as a buyer’s market with great deals on luxury condos inNW Portland, Downtown, South Waterfront and John’s Landing. Be sure to check our blog frequently for more updates. Short sales and Foreclosures also continue to be a factor in many sectors of the market.