Welcome to the PortlandMarketWatch.com Blog

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

Home prices shot upward in early March but remain off 3.2% from the same time last year. While it is expected to see prices accelerate this time of year, it should be noted that inventory levels are higher than in previous years (2.7 MOI is highest February since 2015.) New listings are up 9.3% year-to-date while Pending sales are down 8.5% and Closed sales are down 7.8%. Rather dreary numbers for a market that appears to be marching forward. Is this a sign of more trouble ahead?

It is probably too early to tell, but the market has been leaping forward since the lows of 2012 – that’s 7 years of astounding appreciating.  Home prices have more than doubled in Portland since the lows were marked in January, 2011 and retested again in January, 2012.  From a technical standpoint it wouldn’t be surprising for the market to continue to stabilize near term.

Fundamentals appear to be in check with interest rates near historic lows and incomes to support the prices.  According to Fannie Mae Chief Economist Doug Duncan, “Falling – or at least not rising – interest rates, strong employment, continued wage growth and a deceleration in home price appreciation should support more favorable homebuying conditions heading into the spring, along with improved affordability.”

 
Blog Archive
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

2018-08-31 12:22:39
Portland Heights OPEN HOUSE

2018-03-21 14:40:42
Market Update - March 2018

2018-02-01 15:27:53
2017 Market Recap

2018-01-22 13:51:05
Marshall-Wells Loft Condo

2018-01-19 12:33:47
Welcome to our new site!

2017-10-19 12:27:23
Market Update - September, 2017


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

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