Welcome to the Portland real estate market update. We are in a Seller’s market with prices gradually rising. The median days on market is right around the 30 day mark. Inventory of SFR houses has increased from this same time last year to 1,146.
Interest rates are at 6-7% hampering Buyers a bit so a pre-approval is a must before starting your home buying search. If you would like to talk to a professional about your own plans to buy or sell give us a call.
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?