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

Kevin Begemann
as of 11/20/2009:

Inventory levels dropped to the lowest levels since August of 2007, making our supply of homes just over 6 months at 6.5. Pending sales rose 64% in October 2009 when compared to 2008, much of it driven by last minute first time buyers trying to cash... MORE->
About Kevin Begemann

Reported by

Salvador Del Cid
as of 11/16/2009:

Portland homes sales jumped in October 2009 compared to October 2008, according to the latest RMLS Market Action report released this evening. According to the RMLS, closed sales increased by 37.1% while pending home sales (those under... MORE->
About Salvador Del Cid

Reported by

Tony & Libby Kelly, MBA, M.Ed.
as of 11/13/2009:

October Residential Highlights Sales activity in the Portland metro area continued an upward trend compared to same-month sales from a year ago. Pending sales were up 64% compared to October 2008 and closed sales rose 37.1%. New listings... MORE->
About Tony & Libby Kelly, MBA, M.Ed.

Reported by

The Quintessential Team
as of 11/6/2009:

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 7.3 months. To sell a home today you need to be in peak condition and priced at or below the market... MORE->

Reported by

Helen Hoyt
as of 11/3/2009:

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

Eric Garland
as of 10/19/2009:

Annual Appreciation / Days On Market North Portland -11.0% / 89 N.E. Portland -10.1% / 84 S.E. Portland -10.6% / 104 West Portland -11.3% / 152 NW Wash. Co. -6.1% /... MORE->
About Eric Garland

Reported by

Victoria Rudzek, P.C.
as of 10/12/2009:

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

Roberta Nopson
as of 10/8/2009:

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 142 days. Current housing inventory at just over 14,000. This number has been... MORE->
About Roberta Nopson

Average Current Market Rating: 1.9 (8 ratings)

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

Average Current Price Trend: 2 (8 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