Fall Housing Report

Real Estate
Numbers for pending and sold homes throughout the Portland metro area are cooling off with the return of the school year and the end of the (traditionally busy) summer real estate buying season. The seasonal fluctuation of the local Oregon housing market is normal and may be influenced by such factors as family's school year, increased vacation time in the summer in addition to buyers being more apt to shop for homes during summer's longer and warmer days/evenings. The biggest story in real estate for this season seems to be consistently low inventory of available homes for sale in Portland, Oregon. The year-on-year graph to the left clearly shows 2015 in red with September, 2015 showing only 5,657 active listings compared to 7,438 available properties for the same month a…
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Distressed Sales Information 1st & 2nd Quarters

Portland Real Estate Market
Distressed property sales in the Portland metro area dipped in the second quarter of 2014 as the spring buying season heated up. Short sales dipped from being 6.1% of total sales to being 4.1% of total sales for the first and second quarters of 2014 respectively. Bank owned foreclosures (REO) properties experienced a less abrupt drop from 4.9% down to 4.7% when the first quarter of 2014 is compared to the second quarter of this year. Inventory of available homes offered on the market throughout Portland remains quite low and this low inventory may be fueling the drop in short sales as rising prices move more sales into the non-distressed category. Also, national politics may be playing a role as congress has failed to reach an agreement extending the Mortgage…
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Oregon Home Prices – October 2011

Real Estate
Oregon Homes for Sale The latest average Oregon home for sale prices in October 2011 have just been released, and they are as follows: North Portland, $222,700 Northeast Portland, $249,200 Southeast Portland, $216,100 Gresham/Troutdale, $196,400 Milwaukie/Clackamas, $230,500 Oregon City/Canby, $240,600 Lake Oswego/West Linn, $474,800 West Portland, $399,100 Northwest Washington County, $351,400 Beaverton/Aloha, $232,100 Tigard/Wilsonville, $274,600 Hillsboro/Forest Grove, $228,900 Portland Real Estate The picture for October was a bit of a mixed bag scenario as the summer purchase season comes to a close. The prices rises that were evident during those warm summer months will mostly likely stop or even fall as is often the case during the winter months. October saw increases in pending sales by more than 15 percent and closes in sales of more than 14%, while at…
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