Real Estate News


2016 Q2 hottest neighborhoods

Portland’s Hottest Neighborhoods

Everyone knows the real estate market in Portland is hot, but how does your neighborhood stack up? Every quarter the Portland Business Journal combs through RMLS data to compile lists of the hottest neighborhoods in and around Portland based on number of houses sold, how long it takes to sell a home, and…

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RMLS-Market-Action-Report

June Housing Numbers

RMLS Market Numbers for June are in! The Portland market has cooled a bit, with inventory increasing slightly and pending sales dropping, but prices continue to rise throughout the metro area. New listings picked up in June – marking the strongest June for new listings since 2008. Pending sales were down almost 5%…

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Portland City Hall

City Council Adopts 2035 Comprehensive Plan

With population growth projected at over 40% in the next 20 years, the Portland City Council has unanimously approved the long-awaited 2035 Comprehensive Plan. The plan will take effect in 2018 and attempts to address some of Portland’s most pressing issues of the day – housing and infrastructure. Read More: OregonLive.com: Portland approves major 20-year…

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RMLS-Market-Action-Report

May Housing Numbers

May saw some cooling to the hot market in Portland. While higher than April, new listings and pending sales in May stayed essentially the same as last year, with closed sales actually decreasing slightly. Despite this, prices continue to rise with the Median sale price reaching $354,500, 13.3% higher than last year. The local inventory stayed steady as well at 1.4 months. While the metro area saw steady new…

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Portland-for-everyone-1024x220

“Portland for Everyone” Coalition Tackles Housing Issues

A local group of activists, developers, environmentalists and other community members has come together to form “Portland for Everyone” – a coalition created to increase density, strengthen renter protections, and support ballot initiatives to fund affordable housing. Modeled after a similar group in Seattle, “Portland for Everyone” held it’s first public event last week titled…

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RMLS-Market-Action-Report

April Housing Numbers

Sales in the month of April slowed down a bit throughout the metro area. Both closed sales and pending sales dropped, but new listings were up, which is a good sign considering how low local inventory has been. Prices continue to rise with the median home price reaching $350,000 and the average home…

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