Welcome to the PortlandMarketWatch.com Blog

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

Portland real estate continues to stabilize over time. Believe it or not – median list price for the city of Portland is exactly the same as it was 3 years ago. While prices continue to stabilize, inventory slipped 0.4 Months in October (2.4 Months from 2.8 MOI in September.) The tighter inventory coincided with stronger volume. Closed sales for October 2019 were higher 6.1% compared to the same time last year – and up 8.9% from last month's reading.

It's hard to attribute the strength of the October real estate numbers, but looking back over history, this is the 8th straight year in which October inventory reversed course and dipped lower after a lackluster September. We’ll see if that trend continues as fundamentals remain very strong. Interest rates remain at historic lows (3.75% for a 30-year fixed mortgage), while rental rates remain near their peak and inventory continues to tighten. Houses in premium neighborhoods are in short supply.

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

2019-11-14 13:32:48
5 Steps to Finding Your Next Home

2019-09-17 12:13:38
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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