Realtors Update Housing Market

Realtors Update For Portland, Oregon Housing

This Week in Housing: Asking Price Up, Price Per Square Foot Down

The Median List (asking) Price for Portland Real Estate Listings for the first week in August is $284,000. And, while list prices have been trending up of late it should also be noted that price per square foot is trending down… meaning that larger homes are being sold and while the median price is rising the price per square foot is lowering meaning that values seem to still be dropping. Consequently, Realtors have noted more buyers entering the market to take advantage of excellent values represented in lowered price per square foot. Agents and Brokers are also taking a circumspect view of the changes in the local housing market and many see it as kind of a wash… In that raised asking prices and lowering cost per square foot lead many to believe that the market is taking a breather.

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