Welcome to the PortlandMarketWatch.com Blog

2018-12-05 12:08:14
Market Update :: December 2018

Portland inventory declined to 2.7 Months (end of October reporting) with pricing holding steady at $529,900 for the median list price in Portland proper.  Of concern is the rising days on market (up to 101 days!) and the diminished number of closings (off 3.8% for the year).

From a technical standpoint, the chart shows prices bottoming out for the season.  A key indicator of this is the 7-day moving average just recently touched the 90-day moving average (rounding curve) – if the 7-day can perk above the 90-day, we would expect appreciation in the near term.

Fundamentally this also makes sense as the Affordability Index rose to 105% (meaning a family earning the median income can afford 105% of the mortgage payment for a median priced home in Portland.)  With the median house rent in Portland currently at $1,900/month – it’s easy to see why more renters will continue to get off the sidelines and pursue home ownership.

For more in-depth statistics including interactive 3-year charts for median price, days on market and price per square foot – please visit our website at www.portlandmarketwatch.com and click the Trend button on the top menu bar for complete access to these wonderful charts.

 
Blog Archive
2019-11-15 15:08:46
Market Update :: November 2019

2019-11-14 13:32:48
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Market Update :: September 2019

2019-09-16 17:45:20
National Snapshot: How's the Real Estate Market?

2019-08-15 16:37:39
Market Update :: August 2019

2019-08-15 16:25:03
Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget

2019-06-22 18:38:27
Serious About Selling?

2019-06-21 14:11:31
Market Update :: June 2019

2019-05-17 14:18:03
Market Update :: May 2019

2019-05-15 14:36:49
'Spark Joy' for Buyers

2019-04-17 12:15:09
10 Home Buying Myths

2019-04-16 15:11:29
Market Update :: April 2019

2019-03-15 15:11:26
Market Update :: March 2019

2019-03-14 12:27:21
7 Things To Avoid After Applying for a Mortgage!

2019-03-01 14:50:35
Market Update :: February 2019

2019-02-26 12:13:13
Design Trends for 2019

2019-01-15 12:11:43
Market Update :: January 2019

2019-01-14 10:31:24
January 2019 Report: What’s Ahead for Real Estate in 2019?

2018-12-05 12:08:14
Market Update :: December 2018

2018-12-04 16:40:04
‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

2018-11-06 11:54:46
Are You Covered? A Homeowner’s Insurance Guide

2018-11-06 10:41:43
Market Update :: November 2018

2018-10-17 13:40:46
'How's the Market'

2018-10-02 13:43:46
Market Update :: October 2018

2018-10-02 13:42:42
Market Update :: August 2018

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BrianSpear
(503) 515-9374
Spear@JMAProperties.com
Licensed Real Estate Brokers in the State of Oregon

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