Welcome to our December 2019 year end market update for Portland. The theme for real estate this year has been low inventory and I predict it will continue for at least the beginning of 2020. Plain and simple, we need more houses for sale to bring the market back to neutral for both buyers and sellers in the Portland Metropolitan area. I still see a market in transition as multiple price drops are becoming the norm. Houses that are priced slightly lower than market value will receive multiple offers so demand is there none the less.
To see a detailed market report, click the link below.
Questions about buying or selling property in Portland? I am here to help, call me at: 503.891.4725.