Realty Times - Portland, Oregon Real Estate Market Conditions

Front Page

NEED HELP?

Click for Live Support

Call: 214-353-6980

CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Oregon > Portland
Northeast Portland - Northwest Portland - Portland Waterfront - West Portland

Market Conditions Summary for Portland, Oregon

Reported by

The Quintessential Team
as of 6/17/2009:

The Portland Market is definitely a Buyer's Market. A balanced market between buyers & sellers is about 5-6 months of inventory. Currently we are at 10.2 months. To sell a home today you need to be in peak condition and priced at or below the market... MORE->

Reported by

Kevin & Jacquie Begemann
as of 6/15/2009:

Residential inventory decreased to 10.2 months of supply improving over Aprils 11 months of supply. The average sales price for May $291,400 which was up over Aprils $291,400. The median sales price in May was $250,000 with is the same as last... MORE->

Reported by

Salvador Del Cid
as of 6/13/2009:

Portland home prices are down 13 percent, according to the latest RMLS Market Action report which reflects May 2009 activity. The RMLS says that the average home price is down 13% from an average of $335,000 in May 2008 to an average $291,400... MORE->
About Salvador Del Cid

Reported by

Tony & Libby Kelly, MBA, M.Ed.
as of 6/12/2009:

May Residential Highlights Sales activity in May for the Portland Metro area continued to march upward compared to the prior month, but lagged behind 2008 levels. Comparing May 2009 with the same month in 2008, pending sales were down 7.4%... MORE->
About Tony & Libby Kelly, MBA, M.Ed.

Reported by

Helen Hoyt
as of 5/19/2009:

When you are in the close in city of Portland, the market is still good. It has gone down quite a bit since last year, but houses are still selling- and if something is priced a little low, it many times will still get multiple offers! When I... MORE->
About Helen Hoyt

Reported by

Victoria Rudzek, P.C.
as of 5/18/2009:

Are you interested in knowing what to expect from the Homeowner Affordability and Stability Plan? These are links to Treasury's: 1. Homeowner Affordability and Stability Plan Q&A's.... MORE->
About Victoria Rudzek, P.C.

Reported by

Eric Garland
as of 5/15/2009:

Annual Appreciation / Days On Market North Portland -5.1% / 113 N.E. Portland -3.0% / 107 S.E. Portland -6.2% / 127 West Portland -2.6% / 154 NW Wash. Co. -5.8% /... MORE->
About Eric Garland

Reported by

Roberta Nopson
as of 5/4/2009:

Portland area home sales trends and prices vary greatly from area to area. Metro average at 298,500 with median home sales at 259,000. Market time is running about 152 days. Current housing inventory at just over 14,000. This number has been... MORE->
About Roberta Nopson

Reported by

Fred Montgomery
as of 4/12/2009:

.February Residential Highlights The Portland metro area market improved in February compared to a record low January, but remains slow compared with February 2008. Comparing February 2009 with the same month in 2008, closed... MORE->

Average Current Market Rating: 1.7 (9 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.9 (9 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Oregon > Portland
Northeast Portland - Northwest Portland - Portland Waterfront - West Portland

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

Real Estate News Network