MARKET NEWS & LATEST BLOG POSTS

Portland Metro Area Real Estate Market Update - December 2016
Our local multiple listing service (RMLS) released their real estate market statistics for November covering the Portland metro area. Based on the latest data the market continues to be a sellers market. Inventory remains in short supply with only 1.8 months worth. It is down a little from both last month as well as last November 2015 when 2.0 months was recorded. Comparing market activity to a year ago, pending […] Read More »
Some breakthrough good news has come to light. It deals with first-time home buyers. Across the U.S., first-time home buyers have been staging a disappearing act for a worrisome long time. The causes were pretty universal across much of the country: a sluggish economic recovery and tight labor market contributed to the national phenomenon. Rises in Portland residential prices haven’t helped those seeking to become new homeowners locally. For Portland […] Read More »
Canby Real Estate Market Update - December 2016
The Canby real estate market finished October with 39 closed sales which is up from the 23 & 32 closed sales recorded during the prior months of August and September respectively. Of the 39 closed sales in October, 1 was a distressed property (foreclosures/short sales) representing just 3% of the closed sales for the month. As of the end of October, distressed properties accounted for 4% of the active listing […] Read More »
Newberg Real Estate Market Update - December 2016
The Newberg real estate market finished October with 49 closed sales which is unchanged from the prior months of September. Of the 49 closed sales in October, 3 were distressed properties (foreclosures/short sales) representing 6% of the closed sales for the month. As of the end of October, distressed properties accounted for only 4% of the active listing inventory. There were 3 closed sales of homes valued over $500K during […] Read More »
Milwaukie Real Estate Market Update - December 2016
The Milwaukie real estate market finished October with 65 closed sales, which is down from the 110 & 98 closed sales during the prior months of August and September respectively. Of the 65 closed sales in October, 2 were distressed properties (foreclosures/short sales) representing 3% of the closed sales for the month. As of the end of October, distressed properties accounted for 18% of the active listing inventory. There were 2 […] Read More »
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