MARKET NEWS & LATEST BLOG POSTS

The downtown Portland real estate market (which is comprised of the zip codes 97201, 97204, 97205 & 97209) finished April with 52 closed sales, which is between the 58 & 36 closed sales recorded during the prior months of March and February respectively. Of the 52 closed sales in April, only 3 were distressed properties (foreclosures/short sales) representing just 6% of the closed sales for the month. As of the... READ MORE »

The SW Portland real estate market (which is comprised of the zip codes 97219, 97221, 97225 & 97239) finished April with 141 closed sales, which is up from the 129 & 84 closed sales recorded during the prior months of March and February respectively. Of the 141 closed sales in April, 7 were distressed properties (foreclosures/short sales) representing only 5% of the closed sales for the month. As of the... READ MORE »

The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished April with 142 closed sales, which is between the 88 & 81 closed sales recorded during the prior months of March and February respectively. Of the 142 closed sales in April, only 4 were distressed properties (foreclosures/short sales) representing only 3% of the closed sales for the month. As of the end... READ MORE »

The city of Portland real estate market finished April with 901 closed sales, which is up considerably from the 813 & 611 closed sales recorded in the prior months of March and February respectively. Of the 901 closed sales in April, 68 were distressed properties (foreclosures/short sales) representing 8% of the closed sales for the month. As of the end of April, distressed properties accounted for 25% of the active... READ MORE »

Our local multiple listing service (RMLS) released their real estate market statistics for April covering the Portland metro area. Based on the latest data the market continues to remain short on supply with only 3.1 months of inventory which is a down from the 4.7 months reported during last April 2012.  The inventory hasn’t reached this low level since June 2006 when it was 2.6 months.  Continuing over a 22... READ MORE »