Real Estate News

RMLS Market Analysis

The RMLS Numbers for September are out! Here’s our take: The median sale price in the Portland Metro area dropped slightly last month to $410,000 – a decrease of just under 2%. Despite this, prices rose 4.5% over this time last year. Across the board we’re seeing the seasonal drop we expect…

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July RMLS Market Analysis

MLS numbers for July are out. Here’s our take: The mixed bag of activity we’ve seen so far this year in the Portland Real Estate Market continued into July. When we compare this July to July of last year, we see that new listings and pending sales were both down, but closed…

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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…

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Oregon House Passes Bill to Increase Housing Density

The Oregon House passed HB 2001, a bill that prevents cities from the exclusive use of single-family housing. According to reporting by OPB, this first-in-the-nation measure passed on a bipartisan 43-16 vote and now moves to the Oregon Senate. HB 2001 follows closely behind Minneapolis which banned single-family housing in December. “Fundamentally,…

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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…

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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…

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