Portland OR August 2018 Real Estate Market Update

JUSTIN’s
August 2018 Real Estate Market Update

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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.

To see more detailed information, click the link below.

PORTLAND Oregon Market Report

August2018PortlandMarketReport

If you have any questions about buying or selling property in Portland I’d love to help, call or text 503.891.4725.

-Justin

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