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