MARKET NEWS & LATEST BLOG POSTS

NW Portland Real Estate Market Update - May 2015
The NW Portland real estate market (which is comprised of the zip codes 97210, 97229 & 97231) finished April with 141 closed sales, which is between the 86 & 150 closed sales recorded during the prior months of February and March respectively. Of the 141 closed sales in April, 6 were distressed properties (foreclosures/short sales) representing just 4% of the closed sales for the month. As of the end of... Read More »
Portland Real Estate Market Update - May 2015
The city of Portland real estate market finished April with 1,131 closed sales, which is up considerably from the 681 & 980 closed sales recorded in the prior months of February and March respectively. Of the 1,131 closed sales in April, 68 were distressed properties (foreclosures/short sales) representing 6% of the closed sales for the month. As of the end of April, distressed properties accounted for 17% of the active... Read More »
Portland Metro Area Real Estate Market Update - May 2015
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 be in really short supply with only 1.8 months of inventory which is down slightly from the prior month and down from the 2.8 months reported during last April 2014. Comparing market activity to a year ago, pending sales were up 28%... Read More »
Canby Real Estate Market Update - May 2015
The Canby real estate market finished March with 34 closed sales which is up sharply from the 14 & 18 closed sales recorded during the prior months of January and February respectively. Of the 34 closed sales in March, 4 were distressed properties (foreclosures/short sales) representing 12% of the closed sales for the month. As of the end of March, distressed properties accounted for 23% of the active listing inventory.... Read More »
Newberg Real Estate Market Update - May 2015
The Newberg real estate market finished March with 37 closed sales which is up from the 32 & 21 closed sales recorded during the prior months of January and February respectively. Of the 37 closed sales in March, only 1 was a distressed property (foreclosures/short sales) representing just 3% of the closed sales for the month. As of the end of March, distressed properties accounted for 20% of the active... Read More »
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