July 2018 Real Estate Market Update.
Welcome to the July market update from KOVER Realty Group for real estate buyers and sellers. We have moved into Summer and the days on market in Portland has increased. The average DOM is now at 70 and the percentage of properties with price reductions is at 48%, up from last month. The supply of houses for sale continues to grow and the market is beginning to feel more balanced for buyers and sellers. Don’t get me wrong, Portland is still a sellers market, but prices have leveled off and even fallen from the last two months.
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If you have any questions about buying or selling property, call or text 503.891.4725.