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
1.7% 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

Portland Real Estate Market Heading Up

The Portland real estate market is likely on an upswing, according to Lawrence Yun, chief economist of the National Association of Realtors and others who presented at the 2012 Realtors Conference and Expo. This is welcome news to nearly everyone involved in the real estate industry. As long as lenders are able to continue to […]

Top Portland Neighborhoods for 2013 (part 1)

With 95 neighborhoods, the city of Portland has a place for everyone – seniors, families, first-time home buyers, and anyone looking for the convenience of urban life with the safety and familiarity of a good neighborhood. In 2012, we saw the Portland real estate market begin to pick up again, making 2013 the perfect year […]

Taking Inventory of the Portland Real Estate Market

The real estate industry keeps track of how it’s doing in funny ways. Mortgages are always going above or below water, but they never seem to get soggy. The real estate blogs are constantly searching for the mysterious “bottom of the market” (it must be down here somewhere!) Then there are the economic factors we […]

The Foreclosure Rate is Falling in Portland and Across the Country

Foreclosure rates in the majority of US cities have hit a 5-year low, according to several sources. This is good news for just about everyone, current homeowners, sellers, and buyers alike. Fewer reported foreclosures can indicate that the economy is rebounding. When the foreclosure rate is down, it can suggest that less people are losing […]

Short Sale Tax Exemption Could End Soon

Short Sale Tax Exemption / Mortgage Debt Relief Act of 2007 is set to expire on December 31st, 2012. If you’re wondering what I’m talking about and have had any portion of the mortgage on your principal residence forgiven by a lender or plan to in the coming year, you should read this article. For […]

Strong August Real Estate Numbers for Portland, U.S.

August’s home sales in the Portland area were the strongest in five years, according the Market Action report published by the RMLS last week. Home prices are also on the rise in Portland and across the US, a piece of good news that prompted coverage by the Associated Press and the Oregonian and gave hope […]

Buy vs. Rent in Portland, How Long to Break Even?

According to a recent Zillow report the average time it takes to break even buying a home verses renting a home in the Portland metro area is 3.5 years. Depending on the neighborhood, it could take as long as 5 years or as short as 1.5 years. Ask your Portland Real Estate Agent which Portland […]

Portland Home Prices Rise, Zillow says 4.3% Higher 2013

For the first time since the housing market crash prices have risen nationally from one quarter to the next, in this case, from the first quarter of 2012 to the second. Nationally that rise barely occurred, .02%. In Portland we are looking at a 6% increase in the housing market this year. However, last fall […]

Portland Home Sales, Prices on the Rise

Good news for Portland home sellers: Prices may not be what they were before the housing bubble burst, but they are getting better. Compared to last year, the number of homes sold in the Portland metro area has also risen, shrinking the inventory of unsold homes. The most recent Portland RMLS report, which describes the […]

New Short Sale Assistance for Portland Military Homeowners

New Frannie Mae and Freddie Mac policies will make it easier for military homeowners to short sale their homes when they must move because of a change in station. The Federal Housing Finance Agency announced June 21 that Fannie Mae and Freddie Mac will no longer be permitted to pursue a deficiency judgment, promissory note […]

How to Write a Winning Portland Short Sale Offer

Nothing is more difficult to purchase these days than a short sale! The numbers on successful Portland short sale offers are terrible, many reports suggest 1 out of 5 Portland short sale offers actually ends up in a sale. While no short sale offer is guaranteed to succeed, there are a number of things a […]

Real Estate Market Confirms Slow Economic Recovery

Tracking the economy as it theoretically recovers from the recession is a tricky process. Jobless rates, consumer spending, home prices, imports and exports – each number can give a different report of what the economy is like, from sunny to downright pessimistic. University of Oregon professor of economics Tim Duy puts together an index, the […]

When will Portland sell through its Shadow Inventory?

According to Standard and Poor’s first quarter 2012 data, it will take Portland and the country 3.8 years or about 46 months to sell through all of the distressed properties waiting to come out on the real estate market. S&P is counting all the shadow inventory, the number of homes with mortgage payments that are […]

Is now the best time to buy a Portland home?

According to many Portland Realtors, buying a home may never get any cheaper than right now. Prices are down 34% nationally and even more than that in Portland. In Portland prices have dropped in luxury homes as much as 50% in the last six years (generally speaking the higher the price of a Portland home, […]

How many Short Sales and Foreclosures are there in Portland?

The reports are in. In 2011 there were 8,590 short sales listed in the Portland metro area, of which 3,668 sold. Also in 2011, 8,134 foreclosures were listed in the Portland area and 7,802 sold. 45,256 regular homes were listed in the Portland area and 22,823 sold. Last year about 27% of homes listed were […]

How affordable is the Portland Real Estate Market?

Nationally, you’d have to go back more than 50 years to find a more affordable time to buy a home in America. Locally, in Portland’s real estate market, you’d have to go back even farther. Affordability is an easy measurement. Basically, affordability is simply the percentage of a family’s income that goes towards a home […]

Let's Connect
Contact us.

What My Clients Are Saying

Stephen was just simply a fantastic realtor to work with in selling our home. If we had another 50 properties to sell, Stephen would be in charge of all of them. He was so professional in handling every detail of our sale, and he was so responsive to every question that came up in the course of our transaction. My wife and I are very thankful that we found Stephen.

Alan