Welcome to the Winter real estate market update for Portland OR. The residential market has cooled as usual during this time of year but as I write this flowers are blooming and activity is increasing. Prices rose another 10% or more from last year with inflation on the rise and inventory remaining low.
My guidance for the remainder of the Winter season is for Sellers to price their houses competitively. Buyers are in a tough position with the limited number of homes for sale. We are in a Seller’s market and it will be interesting to see how things develop during the coming Spring.
To view a detailed weekly market report from my preferred title & escrow partner click below.
Thinking about buying or selling property in Portland or the surrounding area?
Call or text: 503.891.4725.
Thank you,
-Justin