There’s pull-back in Portland’s high-end real estate – what does it mean for the rest of the market?
Nick Krautter, Principal Broker in Oregon for the SellPDX Team, made a presentation at the Keller Williams Portland Central office today looking at a curious market trend.
Right now, the average house in Portland sells in only six days. The average house priced over $800k, though, takes sixty days. The average sold price per square foot is also going down, with about 2.5% reduction in just the last month.
There’s some pull-back in the high-end market in Portland, with some decline visible month-over-month. What does this indicate for the rest of the market? Watch Nick’s Facebook Live recap of his presentation above for more.
Want to take a closer look at the report? Read the report here: High-End Market Trends Explained PDF
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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.