Spring 2020 – Portland Real Estate Market

JUSTIN’s
Market Update

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Welcome to KOVER Realty Group’s first seasonal market update for Portland Oregon.  It’s SPRING and with the new growth it’s a good time to change up our market updates!  Previously, I gave a monthly synopsis of the Portland metro market but I want to try something different for 2020.  Starting now, updates will be seasonal giving a broader view of the current real estate climate.  We also have a new nifty graphic below to click on and view the weekly report from my preferred title & escrow partner, First American Title Co.

So far real estate in Oregon has been overshadowed by the COVID-19 pandemic.  KOVER Realty Group has put a hold on Open Houses until the stay at home orders are lifted which makes listing and showing properties a bit of a challenge.  Steps we have taken are limited showings by appointment, face masks and 6ft distance requirements .

The actual real estate market is still moving along with lower mortgage rates fueling demand and keeping us in a Seller’s market.  Inventory of SFR houses for sale has increased just a little with smaller, more affordable houses staying very competitive.

To see a detailed market report, click below.

PORTLAND Oregon Market Report

MarketStatsPortlandOR_Spring2020

Thinking about buying or selling property in Portland or the surrounding area? I am here to help, call or text: 503.891.4725.

Thank you,
-Justin

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