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
Portland Real Estate Market Report: March 2021
We’ve been following the low inventory in the Portland real estate market for a while now. But now that we’re into March – marking a year since the pandemic came into being full tilt – we’re also likely looking at a huge change in inventory on the horizon. We believe that a lot of folks […]
Portland Home Affordability Rate: 2021 Report
Housing affordability is a universal and complex topic. So is the global pandemic we’re all navigating. Portland’s shortage of inventory hasn’t helped housing affordability over the past year, nor has it shown any signs so far of slowing. When it comes to buying a home in Portland, how should prospective buyers wade these troubled waters? […]
Top 5 Real Estate News Stories of 2021 So Far
As much as we may be sick of hearing about it, the long and the short of it remains that Covid-19 continues to dominate the biggest real estate news stories. While some aspects of the market are undeterred by the pandemic – buyer demand, notably – others remain markedly affected. As 2021 unfolds, the virus […]
Portland Real Estate Market Update February 2021
Portland home prices have been on the rise for the past several years. But we’re not alone. Home prices across the nation were up an average of 10% in 2020, according to the Washington Post and Attom Data Solutions. So how is Portland shaping up? Keep reading to learn how much it costs to buy […]
Portland Vs. California: What’s Driving Migration in 2021?
It’s old news that Californians love Portland, and a lot of them have been moving here! It’s a trend that’s been going strong for many years now, sometimes to the chagrin of native Portlanders. According to the Oregon Employment Department, Oregon saw an average net in-migration of 21,784 Californians every year from 2014-2018. While there’s […]
Portland Real Estate Condo Market 2021
Portland Condo Market 2021 Condos finished better in 2020. As in all Portland market sectors, it was a rough spring, with buyer activity tanking in March. But things picked up again in summer, and the peak month for 2020 condo sales was September, when nearly 900 were sold. Numbers stayed strong through the remainder of […]
Portland Real Estate Market Update: Inventory Crisis
For many weeks now we’ve been tracking the trend of high demand for houses for sale in Portland, with inventory struggling to meet buyer’s needs. While the condo market has been weaker, houses are sought-after and fought-after, as bidding wars make for fast sales and happy sellers. In December 2020, we hit another record low […]
Are People Moving Out of Portland? 2021 Population Update
It’s fair game to say that we’ve had quite a dramatic year here in Portland. Between the pandemic and the protests, many may be wondering if folks are moving out of Portland in search of safer cities or quieter suburbs. When it comes to this hot button topic, some trends you may have seen in […]
Portland Real Estate Market Forecast 2021 – A Boom Year
Each year we research and put out two Portland real estate market forecasts, one in the fall prior and one in January of the new year. Every year until now those two forecasts have lined up fairly closely. In 2021 we have a different story to tell. First off, it is important to realize that […]
Portland Real Estate Market – Final Update 2020
2020 was a record-setting year in the Portland real estate market. Every month, the Regional Multiple Listing Service, or RMLS, publishes detailed statistics on the local real estate market, including how many homes sold in the Portland metro area and for how much (average and median price). The most recent update shows that inventory hit […]
Top 10 Real Estate News Stories of 2020
It’s true that COVID-19 dominated the real estate headlines in 2020, but this year was also big for several other reasons — local ballot measures that passed and failed, and important new data about the surprising factors that influence home prices. Whether you’re entering the Portland real estate market in 2021 or just happen to […]
Portland Property Taxes Higher than Ever – 2021
Portland passed three new ballot measures this November that will increase property taxes in the city. But even if these measures had failed, property taxes would still go up for homeowners in the Portland metro region, because of the way our tax system is structured. A new report shows that Portland was #5 in the […]
Portland Short Sale Market Report – Back in 2021?
Short sales were almost non-existent in the Portland real estate market in 2020, representing a fraction of 1% of real estate transactions in the city. However, many expect short sales to rise in 2021 due to the impact of COVID-19 on the economy, and the end of mortgage relief programs that were passed in early […]
Best Way to Sell your Home in 2021
Did you know there is comprehensive research done every year on how homes are sold across the country in the United States? The National Association of Realtors, or NAR, conducts the research and makes its reports publically available. The organization breaks down how homes sell across the country – down to a percentage point. The […]
Starting 2021, a Six Plex can be built next to any Portland Home.
Travel back in time to Portland 150 years ago, and you’d see a housing mix that is different from today’s suburban, single-family-home-dominated neighborhoods. There were garden houses, rowhouses, courtyard apartments and cottages. Density was higher, and nobody needed parking because they used the Portland streetcar to get around (plus cars hadn’t been invented). This vision has […]
New Home Construction Dropped in Portland 2020, Will it Recover in 2021?
Like everything else this in 2020, new construction in Portland was hit by the pandemic, but signs are already pointing to a healthy recovery in 2021. To understand what’s going on with the new construction market, let’s take a look at new construction permits that have been issued, under review, and finaled (meaning the building […]
Stephen uses his broad knowledge of the market and his well-polished marketing skills to list houses at the maximum they can and will sell for. He is extremely adept at orchestrating all of the selling details and I look forward to doing business with him again.
Ben
