By Danni Duggan Wow. Our market took off in April 2020, and it has not slowed down for a yellow light, potty break, or gas since. We may be riding on bald tires or even flats at this point, but that’s not stopping the market. Inventory remains low with approximately one month of inventory. For […]
November 2019 Portland Market Snapshot
The November 2019 Portland real estate market snapshot is now available from RMLS. What is happening in the market? I find the best way to talk about the market is with photos. So here we go… Active Listings Snapshot The number of active listings has been hovering between the 2017 and 2018 numbers. This market […]
Portland, OR – August 2019 Market Action Report
Portland’s real estate cooling trend continues. While inventory remains low enough to term this a “seller’s market,” most in the market realize that buyers have had enough with double-digit increases year after year. Interest rates are refreshingly low, giving buyers more buying power than they have had in the past couple of years. That said, […]
September 2018 Market Data – Cool Town, Cool Fall, Cool Market
All summer long I reminded folks that we are in a “shifting” market. Well don’t let your foot off the clutch just yet. We continue to shift and move and frankly, find balance. What’s down since last September? New listings -1% Pending sales -9.5% Closed sales -14.6% What’s up? Days on market 45 (+7) Months […]
Is a Cooling Trend Really Such a Bad Thing?
Portland is so cool. It’s the coolest. That’s the buzz about its real estate market as well. Last month saw several articles examining the June 2018 real estate trends. The term “cooling off” became the Portland buzzword of the moment. Ironically, this “cooling off” arrived just prior to 3 successive heat waves that drove many […]
June 2018 Market Data – A “Cooling” Trend?
Remember the good old days of 2012 when we thought that just four months of active market inventory was a whopper of a problem? Fast forward to 2018 and we get positively giddy every time inventory creeps anywhere above two months. The Portland metro area has been toying with inventory below two months more […]
October 2017 Market Trends
October 2017 real estate activity numbers are in for the Portland Metro Area. Inventory has been creeping up the past few months. We currently sit at 2.1 months. This marks the fourth month in a row where inventory sat at or over 2.0 months. Basically, if not one single additional property went on the market, […]
Portland Real Estate by the Numbers: April 2015
April 2015 numbers are in for the Portland Metro Area’s real estate activity. Let’s take a look. For anyone who has been watching (or participating in) the market in recent weeks, it will be no surprise that inventory is at an all-time low: Just 1.8 months (or approximately 55 days). Remember that a well-balanced market […]