Real Estate News


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,…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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,…

Read More