What's On The Market?
- By Rebekah Markillie
- February 8, 2019
This week we take a closer look at North Portland and the neighborhoods of: Kenton, Arbor Lodge, Overlook, Humboldt, Piedmont, East Columbia, Hayden Island, Bridgeton and parts of St. Johns. Together this area comprises the zip code of 97217 and covers most of North Portland. This area is largely residential, but encompasses some industrial zones north of Columbia Blvd. and large swaths of green space and wetlands north of St. Johns. Read More
Every month RMLS releases statistics on the Portland Metro Area as a whole. But not every neighborhood is the same, so we're starting a series on the neighborhoods of Portland to get a better look at different parts of the city! Read More
The market numbers from December were a bit of a mixed bag. During this typically slow time of year, we expect to see activity and prices drop slightly from one month to the next, making comparisons to this time last year is a better indication of the market. So, looking at December of 2016 we see new listings are up almost 14% - the strongest December in six years and a good sign for the coming year. Despite this, closed sales were still down over 10% even with the strong pending sales we saw in November. Read More
While most indicators are down this month compared to October (new listings, pending sales, closed sales, and prices), nearly all are up from this time last year. Every year we expect to see activity (and therefore prices) drop slightly in the fall and winter, so comparing to this time last year is a better indication of where the market is. With new listings up 16.2% and pending sales up almost 5%, the Portland Metro Area is still showing signs of a sellers’ market, despite the drops from last month. Read More