Welcome to the PortlandMarketWatch.com Blog

2019-12-12 15:18:52
Market Update :: December 2019

Portland real estate prices bounced dramatically the past 30 days with median list price zipping up to $570,000 (compared to only $529,900 on November 1, 2019.) The attached price chart with 30 and 90-day moving averages reveal that current prices are very close to the year’s tops. Inventory also remained low at 2.4 Months for Portland-Metro. These positive numbers could be a good harbinger for times to come.

We expect continued strength with increased volume and appreciation as we head into spring simply because the Portland market has been churning for the past 3 years – and with such strong strength in December – we expect spring, 2020 to finally break out of the tight price range for the past 3 years. Prices in 2019 topped 4 separate times – with prices reaching $575,000 on March 29th, April 12th, June 7th and June 21st , 2019. With median list price currently at $570,000 – PDX market is poised to see new price peaks in 2020 that will surpass all time highs reached in April, 2018.

On the negative side, Days on Market crept up to a seasonal high of 118 days. This means laggards are remaining on the market while good properties are turning over. This can be reflected in the overall Inventory numbers. The number of active listings is currently over 10% below the number of active listings the same time last year. Good properties are selling – demand is there.

 
Blog Archive
2020-01-16 14:25:17
2020 Outlook: Real Estate Market Forecast

2020-01-16 14:11:08
Market Update :: January 2020

2020-01-16 14:11:00
5 Steps to Finding Your Next Home

2019-12-12 15:18:52
Market Update :: December 2019

2019-12-11 14:22:19
Gifts and Gadgets for Every Room

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Market Update :: November 2019

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

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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
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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

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Are You Covered? A Homeowner’s Insurance Guide

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

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