February 2018 Real Estate Market Update.
Welcome to February in the City of Roses, when we start to see blossoms on the trees and the housing market begins to heat up. The active inventory of single family houses for sale in Portland stays low this February so far, as the number of interested buyers continues to outnumber listings. This trend keeps driving home prices up with buyers competing for what little inventory is available. Sellers continue to have the advantage with the Market Action Index moving up to 45 from 43 last month. Anything above or below the neutral point of 30 shows what type of market we are in.
To see the rest of the stats in greater detail, click the link below. If you would like more specific information on a neighborhood or home value I am here to help, contact me at 503.891.4725.