Realty Times - Portland, Oregon Real Estate Market Conditions

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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

Pohl Real Estate, LLC
as of 1/27/2012:

The Portland Metro Real Estate Market hit's a 4+ year low of inventory supply at 5.3 months. The combination of fewer new listings hitting the market and an increase in closed sales have contributed to the rapid decline in real estate supply. In... MORE->
About Pohl Real Estate, LLC

Reported by

Tony & Libby Kelly, MBA, M.Ed.
as of 1/18/2012:

December Residential Highlights Sales activity in the Portland metro area continued to show improvement in closed and pending sales when comparing this December to the same month a year ago. Closed sales experienced a 10.3% increase, while... MORE->
About Tony & Libby Kelly, MBA, M.Ed.

Reported by

Kevin Begemann
as of 1/17/2012:

December had a surprising end to the year; Decembers inventory number closed at 5.3 months of supply. This is significant since the Portland area has not had that low of an inventory number since June of 2007! That's 4 and ½ years since we've seen... MORE->
About Kevin Begemann

Reported by

Eric Garland
as of 11/15/2011:

Annual Appreciation / Days On Market North Portland -4.5% / 133 N.E. Portland -5.5% / 99 S.E. Portland -8.1% / 98 West Portland -2.2% / 151 NW Wash. Co. -1.3% /... MORE->
About Eric Garland

Reported by
Geoffrey Pohl
as of 1/18/2012:

Reported by
Geoffrey Pohl
as of 12/23/2011:

November 2011 Portland, Oregon Residential Real Estate Report: Heading into the Holidays the Portland Metropolitan Real Estate Market remains a steady buyer's market. Total inventory levels (available real estate to purchase) remained at or... MORE->

Reported by
Geoffrey Pohl
as of 3/11/2010:

It's a strong buyer's market because inventory of homes (supply) has increased for the last 4 months. In addition it would take 12.6 months to clear out the current inventory at the current rate of sale. Statically a neutral market is at about 6... MORE->

Average Current Market Rating: 2 (7 ratings)

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

Average Current Price Trend: 2 (7 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.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
(U.S. Weekly Averages)

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