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Our local RMLS (Realtors Multiple Listing Service) is reporting almost 4 months of inventory for sale on the market in the Portland Metro market.   Many of us Realtors including frustrated buyers are wondering where that is.  Homes seem to be flying off the market in days, many times with multiple offers.  Obviously this is not true in all segments and locations of the market.   There is excessive pent up demand... READ MORE »
There is lots of talk and information out there about home prices in Portland being up 14% vs. the same time last year.   Inside those numbers here is how each mls area around Portland Metro has performed in the last year, these numbers are for detached single family homes.  North Portland area 141, 14%, NE Portland area 142 11%, SE Portland area 143 16%, Happy Valley, Milwaukie area 145 11%,... READ MORE »
Inside the numbers on Portland Home Sales and Prices
Portland home prices are moving upward all over town.  The following are most recent stats from the mls. North Portland, sale prices up 14% vs. same time last year, quantity of sales essentially the same Northeast Portland, sale prices up 16%, quantity of sales down from last year Southeast Portland, sale prices up 10%, quantity of sales essentially the same as last year Lake Oswego and West Linn, sales prices... READ MORE »
Low inventory of homes for sale in Portland
We have all been hearing about how low the amount of homes for sale in Portland is.  Just how low is it?   You also might be surprised to hear how low the inventory is outside of Portland.   We have been tracking numbers since 2005.  In SE Portland right now there are less single family detached homes on the market than we have ever seen, at least since 2005.   SW Portland... READ MORE »
Hot price points, Beaverton, Tigard and Hillsboro homes for sale
With the shortage of inventory well known its interesting to dig into the data a little and find out what price points are really hot in the current market.   While it seems all price ranges are seeing strong activity certain price points are really popping.  In Beaverton with inventory dwindling there is no shortage of sales in the lower price ranges up to 300k, very sharp increases in the number... READ MORE »
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