Fewer listings and fewer sales is the theme for winter and spring for Portland in 2017 thus far. … It’s important to note that last years’ spring buying season was stronger than ever and we also do experience seasonal slowing of the market in the winter months prior to spring. What we’re experiencing may be the prelude to another bold move forward in home values or the beginning of the market cooling off a little.
Recession has become a zeitgeist and the subject of scary campfire stories ever since 2008. Nonetheless, economic contractions remain a recurring certainty that is a predictable part of all economies.
It is worth noting that even despite increases in available homes for sale the market is still very strongly a seller’s market in that although inventory has risen significantly it has not increased enough to outweigh the very robust activity from well-qualified buyers.
In sharp contrast to Portland’s recent bout of cool, temperate weather, local home values throughout the Portland metro area are continuing their meteoric rise. Properties with views in Clackamas, luxury homes in Happy Valley and country living opportunities in Damascus, Oregon all remain in high demand as the summer 2016 season hits full stride.
The billion dollar question is this: will bad news from Wall Street and Asia rain on Portland’s parade or will the distant rolls of thunder merely echo nay-sayers beating the drum of chimerical doom & gloom?
Portland, Oregon: Housing Quartile Data In Review Real estate quartiles are a method of data review that takes all of the residential properties in a given area and divides them into groups organized by price percentile. As an example, if
Home values in Oregon City and Milwaukie seem to have plateaued in recent weeks with, buyer activity slowly tapering off as we move from the busy summer real estate season into the cooling off period typical of autumn. For these
Home prices in Portland have been relatively flat lately, and the market is generally showing signs of what may either be seasonal slowing or possibly home values settling. Surrounding areas like Gresham, Oregon are also seeing a decrease in home
Portland Real Estate Update: Overview The residential real estate market trends have been generally somewhat negative with a few areas that seem to be more neutral, depending on the price and demographic. For Portland and the surrounding areas within this
As a professional Realtor in Portland, Oregon people ask me whether or not they should buy a house this year quite often. My answer is that there are many factors to consider and ultimately YOU are the one who has