September 2017 Real Estate Market Update.
If you are wondering how the residential real estate market in Portland is doing going into September you aren’t alone. Prices seem to have plateaued with price reductions becoming more common which is a shift from just 6 months ago when sellers were still looking for the ceiling. Inventory remains low however and we are still in a seller’s market but it feels more balanced giving buyers a little bit of bargaining room. The Average Days on Market (DOM) is 66 which is increasing as we head into Fall.
Click the link below for an updated Market Report of Portland OR. If you would like more specific information on your neighborhood or Home Value contact me at 503.891.4725.