Portland’s ‘Perfect Storm’

Recent housing data from the Regional Multiple Listing Service (RMLS) shows Portland home prices continue to strengthen.

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This ramp up in home values is due in part to a decrease in available properties for sale. 

PortlandMetroArea-page-001While a ‘normal’ housing market usually has 3 to 6 months of home supply, we’re now at only 1.2 months of inventory…and falling.

A Seller’s Market
With increased demand and dwindling supply, what’s happening in Portland real estate right now could be called a seller’s ‘perfect storm.’ 

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A ‘Perfect Storm’ Is Not The Norm

That’s because we’re witnessing a combination of attractive interest rates and very low home inventory, which continue to fuel a rise in prices.

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A Portland Real Estate Cocktail In One Word: Hot 

Even with growing home prices, current low interest rates help serve up a palatable real estate cocktail that could help buyers to afford their purchase…if they can just find a home. 

The Rest of the Story
As you might guess, individual Portland neighborhoods can vary significantly on selling price, buyer demand and other key factors, like how long it takes for a house to sell.
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Click here or on the above image to see the latest Portland area real estate figures. Make sure to check out page 2 for interesting stats on your nearby town or neighborhood. 

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‘Oregon’s Choice Since 1950’

Thinking about selling your Portland area home? It’s a wise move to sell in a seller’s market. Contact our sponsor, Certified Realty, for a free consultation of what your property could sell for in today’s market by using the convenient form below. 

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