The median list price in Portland, Oregon (as of August 2013) is $320,000. Inventory is up and market action is trending down (just recently). Days on market is down as well. Overall we are seeing real estate conditions weakening a bit. This may be us just leaving spring (prime time to sell a home).
Real Estate Supply and Demand in Portland, OR
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real Estate Prices in Portland, OR
UP! Home prices in Portland are trending upward in the last few weeks.
By measuring the current rate of sales versus the amount of inventory we are tittering in the middle for a Seller’s market. Meaning that it could go either way; One week we could be back in a buyer’s market and the next a Seller’s market. With the season coming to an end I suspect we will be in a Buyer’s market by mid Fall.
Please visit www.PortlandRealEstateHUB.com for real estate market reports for North, Northeast, Southeast and Southwest Portland.
M Realty llc
Certified Negotation Expert