Welcome to KOVER Realty’s seasonal market update for Portland Oregon. We are well into the Fall season with leaves turning color and colder weather arriving. With the holidays upon us, the real estate market tends to pull back.
The pandemic continues to create uncertainty with the real estate market. KOVER Realty is following social distancing guidelines and face mask requirements during open houses and showings. Lower mortgage rates and low inventory are keeping demand up. The number of SFR houses for sale has dropped below 900 units in Portland which is very low indeed.
My guidance for the remainder of the season for both buyers and sellers is to be patient. With the historically low number of houses and condos for sale in the Portland metro and the uncertain economy I am seeing a neutral market.
To view a detailed weekly market report from my preferred title & escrow partner, First American Title Co., 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.