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’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
Earlier this year, Oregon House Speaker, Rep. Tina Kotek (D-Portland) drafted House Bill 2001 that would increase housing density across the state. The bill was unanimously approved by a House committee Monday after the Portland Democrat agreed to make several changes and even has some allies across the aisle. Read More
This week we take a closer look at the zip code of 97266 in Southeast Portland. This area covers parts of the Powellhurst-Gilbert and Pleasant Valley neighborhoods as well as all of Lents. Located in outer Southeast Portland, this area has seen rapid price growth in recent years - the Median Home Price increased by nearly a third from 2016 to today. As closer-in neighborhoods have become unaffordable for many, the less expensive neighborhoods of outer east Portland (and the surrounding suburbs) have become more desirable, especially for first-time home buyers. Read More
