Portland Westside Real Estate Market Trends June 2019

By
Real Estate Agent with Keller Williams Realty Professionals OREA# 201211562

  

Portland Westside Real Estate Market Trends June 2019 

 

The Portland Westside Real Estate Market Trends reveal a mixed but steady picture for June 2019.

 

Cities such as Beaverton, Forest Grove, Hillsboro, and West Linn show price increases that are historically sustainable. Supply levels are still tilted towards home sellers but selection is increasing for home buyers. The price increase in Wilsonville reflects it's convenient location; half-way between Portland and Salem, it's a desirable community for a growing number of commuters.

 

Over the past few years, home prices moved to far to fast, and we're seeing a resulting adjustment/pull-back in cites such Lake Oswego, Tualatin, and Sherwood. The growing inventory in Lake Oswego is no doubt contributing to softness there, and homes in the higher price points are experiencing softer activity throughout the Metro area generally. 

 

Overall, while months supply and days to sell are moving up, it's still a steady market. The total number of homes in escrow for these ten cities is up 6.1% in June, and closed sales were virtually even at 364 this year vs. 365 last year.

 

Expect these trends to remain with us for the next few months. Clearly, after the white-hot market in 2017-2018, this is a better enviroment for sustained growth.   

portland housing report westside market watch june 2019

 Thanks for Reading...Portland Westside Real Estate Market Trends June 2019

 


 

Feel free to reach me directly... 

503-680-9390 / john@johnvanhogen.com


 

 

John Van Hogen - Principal Broker Oregon / Broker Washington  

Oregon - 9755 SW Barnes Rd #560 Portland OR 97225

Washington - 2211 E Mill Plain Blvd #302 Vancouver WA 98661 

Keller Williams Realty Professionals

Each Office Independently Owned & Operated - 503.546.9955

 

 

Comments (2)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Hi

Thank you for sharing this news about your local real estate market.

Jul 20, 2019 06:59 PM
John Van Hogen

Thanks Michelle...enjoy the rest of your Sunday.

Jul 21, 2019 04:54 PM
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Always good to be in the loop. Thank you for sharing!

Jul 21, 2019 01:44 PM
John Van Hogen

Yes, agreed Jeremy. 

Jul 21, 2019 04:54 PM