The strong demand for homes in Portland continues to drive prices up. The S&P/Case-Shiller index of property values in 20 US cities shows an increase at an average of 5.8 percent in the last year, while home values in Portland increased 11.1 percent, almost double the national average!
We set a record in December for the most homes sold in a month in Portland since 1992, further shrinking inventory, which is now down to 1.2 months. That is the lowest inventory number recorded since 1999!
Here I am presenting this information to a large group of realtors, and explaining what the Case-Shiller numbers mean. If you want to dig in more, check out the link below:
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.