Real Estate News

What Does 'Middle Housing' Look Like?

What Does 'Middle Housing' Look Like?

Last week, the Oregon Senate passed House Bill 2001 which would fundamentally change residential zoning laws in Oregon. In cities of 10,000 or more people, duplexes will be allowed in areas currently zoned for single-family homes. In cities of 20,000 or more people, triplexes and fourplexes will be allowed in areas currently zoned for single-family homes. The bill has bipartisan support and Gov. Kate Brown is expected to sign it. Read More

May RMLS Market Analysis

May RMLS Market Analysis

The Portland Real Estate market saw some strong numbers last month. After a strong April, we saw that momentum continue into May with new listings and closed sales up over last year by 5.1% and 5.9%, respectively. The Median Home Price also increased by 2.7% over last year to $420,000 — the highest we’ve ever seen in the Portland Metro Area. Read More

April RMLS Market Analysis

April RMLS Market Analysis

April’s market numbers are showing a stronger market than we’ve seen in the last few months. This is typically the busiest time of the year in the Northwest, so it’s not unexpected to see a stronger April than March. Last month both new listings and pending sales were down, so now we’re seeing the effect of that in a drop in Closed Sales during April. Fortunately, both listings and Pending Sales were up in April compared to last year (5.5% and 3.1%, respectively). Read More