August 2018 Real Estate Market Update
Welcome to the August update from KOVER Realty Group for real estate buyers and sellers. It has been a record-breaking Summer in the Metro area with a heat wave that may be having an effect on real estate sales it seems. Is the heat keeping buyers and sellers indoors or is the market taking a needed break? The days on market in Portland has increased to 74 and the percentage of properties with price reductions is now at 53%, up again from last month. The supply of houses for sale is also growing with 2049 single family houses on the market. What I am seeing are the outer Portland neighborhoods selling quickly with prices increasing and catching up to the inner neighborhoods that have leveled off recently.
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If you have any questions about buying or selling property in Portland I’d love to help, call or text 503.891.4725.