Portland Housing Sustainability: Summer 2015

Portland Housing Sustainability: Summer 2015

Real Estate
[caption id="attachment_7379" align="alignright" width="200"] Conditions in the Portland Housing Market: Summer 2015[/caption] 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 91 days being the average number of days on market. But, will this strong seller's market last? Or, as we eclipse the highs of the previous housing bubble, will the housing market be preparing for a pause, settling or new downturn? Current indicators show that this is a strong "seller's market" and market action is holding steady and inventory of available listings is also steeply increasing. These upward trends reflect the increased competition amongst well-qualified buyers trying to…
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