Portland Real Estate Market
The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.
Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.
If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.
Stephen FitzMaurice, Realtor
4% Max. to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
November Real Estate Market: Low inventory, more pending
The numbers are out for the Portland real estate market this November. How did we do? The RMLS report shows the expected seasonal slowdown, with fewer new listings than in October, as well as a decline in pending and closed sales. The good news is that these numbers are, for the most part, better than […]
Can Portland Real Estate Market keep up with Population Growth?
It’s hard to say whether Portland’s population is growing because of jobs, the “hip” factor or because this city is really one of the best in the country for people of all generations and backgrounds. In any case, in June of this year Metro planners were estimating that Portland, Oregon will add 750,000 people to […]
Record-setting September for Pending Sales in Portland 2014
September brought cooler weather to the Portland area but it didn’t cool down the real estate market! Yes, this is a time of seasonal quieting for home buyers and sellers, but the year overall is proving to be a bright one for Portland real estate agents and their clients. A look at the latest RMLS […]
Portland Real Estate Market: Economic growth drives home sales
Good news from the RMLS across the data fields for the month of June: The number of closed sales in the Portland real estate market is up over 4% from last year, the number of days on market continues to fall, and the average and median sales prices in Portland for June 2014 were both […]
Portland Home Sales, Acquisition Statistics, First Half 2014
Okay, so the 2014 Portland real estate market is not quite half over yet, but we are close and I find the acquisition numbers fascinating so far. In the last six months, 3734 Portland homes have sold and 961 Portland townhomes and condos. Of the regular Portland home sales, 762 or 20% were cash sales. […]
Portland Real Estate Market March 2014: Fresher than ever
Things that aren’t very good stale: Crackers, beer and the Portland real estate market. Luckily, Portlanders can fear no more this spring about stale real estate because the real estate market is fresh as a newly hatched chick (besides, here in the rainy Northwest, soggyness is a greater danger than staleness). According to a recent […]
Portland Real Estate Market News: Busy, Snowy February 2014
RLMS Market Action report for the Portland Metro Area, released this week, focused on February’ highlighted the number of closed sales in February, a whopping 1,467. According to the report, this was the best February in the Portland real estate market for closed sales since 2007. What does that mean? The average time on the […]
Hot Real Estate Market, Hotter Portland Neighborhoods!
The new year is off to a good start for Portland real estate buyers, sellers and agents, according to the RMLS Report for the Portland Metro area for December 2013. The figure that stands out in this month’s real estate market report is that median and average home sale prices in the Portland area are […]
Average Days on Market in Portland Real Estate by Area 2014
Entering into the 2014 Portland Real Estate Market it is crucial to consider the average days on market in 2013. At the end of 2013 North Portland had the fastest average days on market at a speedy 45. Average days on market is a strong indicator of what part of town is truly up-and-coming and […]
Portland Real Estate Market 2014 Prediction
Portland should have a banner year in real estate in 2014. Portland’s “underwater” mortgage rate is among the nation’s lowest. Corelogic is reporting only 6.6% of the Portland real estate market has mortgages higher than what the property is worth. This is way down from what Zillow reported in the Portland market in early 2012, […]
Rent Vs. Buy in Portland Real Estate Market Prediction 2014
Which is a better investment? Should you avoid risk and keep renting, or bite the bullet and purchase a home? Here are some key factors to consider: Portland area rents have incrased an average of 5% in 2013. That is an annual “depreciation” of -5%. In contrast home prices have risen in Portland 10% from […]
Portland Real Estate Market Update: Autumn as usual?
The Portland real estate market – just like real estate markets across the world – has its yearly cycle. For any number of reasons, buying and selling activity slows down in the winter, picks up in the spring, goes crazy in the summer, and quiets down again in the fall. Given these cycles, one would […]
Portland Real Estate Market: Strong End to Summer
By all accounts in the real estate business, it was a successful summer in Portland. The August RMLS report for the Portland real estate market paints the picture in numbers: In August alone, 2,623 buyers closed on the perfect home – and, as it usually goes in the summer – there were even more closed […]
Tiny Homes are Big in Portland
Imagine coming home and taking two steps to the kitchen, grabbing some food, turning around, and sitting on the couch. When it’s time for bed, you stand up and go up the ladder to your loft. Your home is less than 100 square feet, cost less than $5,000 to build and is so small that […]
Foreclosures and Short Sales in Portland: Dropping Fast
Home shoppers intent on snagging a deal on a short sale or foreclosed property in the Portland area had better act fast. Recent reports indicate that the number of new listings coming on the market is shrinking, while low inventory and rising home prices indicate that the supply of distressed properties won’t last forever. Quick […]
Be Aware of Real Estate Scams in Portland
You’re behind on your mortgage payments and the bank is threatening to foreclose. Then you receive an offer from someone claiming to be from a credit agency. They say they can sell your home, saving your credit and your peace of mind. Can you believe them? Of course not. Unfortunately, that call is not so […]
When my wife and I decided to sell our home we started to search for agents who work for less than the 6% standard commission. Slightly skeptical, I decided to call Stephen for a consultation. Stephen came very prepared with comp sales, marketing techniques, and several other items pertaining to the sale I never would have considered. We sold in six days.
Denny
