Real Estate News

January Real Estate Market Numbers

January Real Estate Market Numbers

After the uneven numbers we saw in December, the market in January had a nice rebound. Both New Listings and Pending Sales were up substantially from December. This was the strongest January we’ve seen for pending listings in over 10 years - marking a good start to the year. January’s closed sales were lower than both last year and last month, but that was to be expected due to the very low pending sales we saw in December. Read More

Affordable Housing Breaks Ground in Lloyd District

Affordable Housing Breaks Ground in Lloyd District

The City of Portland's largest affordable housing project in 50 years broke ground in the Lloyd District last month. The 12-story building is going up along NE Grand Avenue between NE Hassalo and NE Holladay streets and will have 240 apartment units (a mix of studios, 1-bedrooms and 2-bedrooms) with ground-floor commercial space and retail. Read More

Portland's Hottest Neighborhoods of 2017

Portland's Hottest Neighborhoods of 2017

Every year the Portland Business Journal compiles a list of the top 25 neighborhoods for the year in the Portland Metro area based on a number of different metrics. When looking at the number of homes sold, the top neighborhoods in Portland were:  Read More

December Real Estate Market Numbers

December Real Estate Market Numbers

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

November Real Estate Market Numbers

November Real Estate Market Numbers

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