February 2020 – Portland OR Real Estate

JUSTIN’s
Market Update

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We are well into February and the latest stats show some changes to the real estate market.  If you are a seller, the lack of houses available is creating strong demand.  Supply of SFR houses is around 800 units which is only about 2 months worth if no new listings are added.  Prices are rising slightly with the median list price at $599,950 and days on market (DOM) is starting to drop again as well.

What does all of this mean to you the buyer or seller? Buyers face a competitive market for move-in ready homes priced right in the Portland metro area.  Sellers, now is a great time to list your house for sale with the low inventory and weather starting to heat up.

To see a detailed market report, click the link below.

PORTLAND Oregon Market Report

February2020PortlandRealEstateMarketUpdate

Questions about buying or selling property in Portland or the surrounding area? I am here to help with all your real estate needs, call or text: 503.891.4725.

Thank you,
-Justin

 

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