Have you been thinking of making a move and wondering what’s happening in Portland real estate?
While things have slowed down it still remains a sellers market with inventory at 2.3 months; that means if no one listed their homes we’d be out of houses in a couple months. Prices tend to cool off in the Fall and Winter and that’s why many investors wait until now to start looking. There are still plenty of eager buyers looking for their little slice of Portland so if you want to move now just price realistically and be prepared for a little more time on the market than before. We have more homes on the market right now than we’ve had in the last 3 years at 6,929 properties for sale!
Here’s a report on the detached home market in Portland under $450,000.
|Days on Market||21||31||16||16|
|Sales Price/List Price %||101%||100%||99%||99%|
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.