Real Estate News


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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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Increasing Housing Density In Oregon Gains Momentum

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. More than 70…

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Market Snapshot: 97266 SE Portland

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…

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February RMLS Market Analysis

The market numbers for February were a bit of a mixed bag for the Portland Metro Area. The median home price increased by 3.9% compared to February of last year, which was a welcome relief after January saw the median price fall for the first time in nearly seven years. That said,…

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