How’s The Market? A Look at January’s Real Estate Numbers

The intense seller’s market we saw in the closing months of 2020 continued in January. Up 13.3% from last year, the Median Sales Price hit $460,000 in January – matching the all-time high we saw in October. Even in a strong market, prices in January are typically lower than the height of…

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Landlord Compensation Funds Available!

In December the Oregon legislature allocated $150 million to a Landlord Compensation Fund to help landlords that cannot collect rent due to the ongoing pandemic. If you own residential property in Oregon and have been unable to collect rent from your current tenants you may be eligible to receive funds. To be eligible,…

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A Look at 2020

Being an election year, we all expected 2020 to be a wild one, but no one could have guessed how wild. Despite the general tumult – both locally and across the country – the real estate market in Portland stayed strong. Overall, home prices across the Metro Area increased by over 7%…

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Are People Still Moving to Oregon?

It’s a familiar tale in Portland: drawn to our milder summers and relatively cheaper cost of living, Californians are leaving their state in droves and settling in Oregon, pushing up prices and pushing out locals. But do the numbers support that? The 2020 US Migration Report from North American Moving Services paints…

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How’s The Market? A Look at December’s Real Estate Numbers

Despite the worsening pandemic and the holiday season, the housing market in Portland stayed strong in December. Compared to December of 2019, prices increased by over 12%, and we also saw double-digit increases in New Listings, Pending Sales, and Closed Sales. The amount of time it took a home to sell in…

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Local Eviction Moratoria

Oregon Last month the Oregon legislature voted to extend the state’s eviction moratorium through the end of June 2021. This means that if tenants cannot pay their rent landlords cannot evict them until at least July. But these tenant protections are not automatic. In order to be protected from eviction tenants must…

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