Here are the highlights on the 2018 Portland Real Estate market:
1: All time high average price of $475,000
2: Average days to sell grows to over two months
3: Highest inventory in the last 3 years: 3.1 months in September
4: Mortgage interest rates jump to over 5% then drop back to 4.75%
5: Most homes for sale in the last three years: 7,082 in September
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.