Portland Real Estate Market
The Portland real estate market is always changing. It takes a very busy real estate agent, top 1% in Portland, to keep a finger on its pulse.
Bookmark this page for monthly Portland real estate market updates, annual forecasts, Portland condo market updates, HOA reports, Portland population rates, local short sale and foreclosure updates, and more.
If you’re thinking of selling your home in the next twelve months, Stephen would love to tour your home. Call today to set an appointment.
Stephen FitzMaurice, Realtor
1.7% to Sell a Home
Cancel Anytime Policy
Licensed Since 2003
503-714-1111
If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
Portland Real Estate Market Fall 2021 Update
The Portland real estate market has been on a tear, following a national estate trend for 2021. Portland proper and all metro suburbs are up in price this year from 10% to 20%. See how each Portland suburb market has fared so far in 2021 here. This is after the Portland real estate market was […]
2022 Portland Real Estate Market Forecast (Prelim.)
The Portland real estate market has been on a wild ride since early 2020. The real estate market here was actually slowing and becoming more affordable back in 2017, and that trend continued until the pandemic hit. Year zero, or 2020, was the most unusual in my real estate career (licensed for 18+ years now […]
Top 5 Portland Real Estate Market Stories of Summer 2021
It’s been a roller coaster ride of a year for the Portland real estate market. After over a year of a global pandemic, demand for single family housing shot through the roof, and Portland’s supply struggled to meet that demand. All year we’ve been monitoring the effects of this situation on the market. Accordingly, the […]
June Home Sales in Portland Real Estate Market Beat Out Past 10 Years
If you’ve read this blog at all this year, you know that one of the biggest stories we’ve been following is Portland’s low inventory. Yet if you read the title of this post, you know that home sales are still going through the roof. So how do these two truths not contradict? First, let’s talk […]
As Portland Home Prices Soar, Home Affordability Takes a Hit
Low inventory and rising home prices have made themselves felt here in Portland, as they have across the country. According to the latest numbers from Fannie Mae’s Home Purchase Sentiment Index® (HPSI), 64% of respondents feel that right now is a bad time to buy a home, while 77% feel it’s a good time to […]
Portland Housing Supply: Here’s What the Future Looks Like
All year we’ve been covering the big real estate story of the pandemic: the lack of single family homes. With inventory at an all time low, and demand through the roof, it’s only a matter of time before buyers begin considering other options – not to mention developers. Now, the current situation in Portland’s housing […]
Portland Foreclosures For Sale, Current Rates and REO Forecasting – 2021 Update
3 Ways to Find Portland Foreclosures For Sale Public Market Foreclosures If you’re interested in purchasing a foreclosure in the Portland real estate market, there are generally two ways to go about this. The first is the easiest and that is by searching for all foreclosure homes banks have currently listed on the public market […]
Average HOA Fees in Portland 2021. Are your HOA fees too high?
Some HOA fees are too high due to past mismanagement There are some condo complexes in Portland right now that have higher monthly HOA fees than the cost of the monthly mortgage if you were to buy one of their condos for sale. This happens for two main reasons. First, sometimes HOA management collected too […]
The National Housing Shortage Continues: How Does Portland Shape Up?
We’ve been talking about it for months now. With demand for housing, particularly for single family homes, through the roof, Portland has been struggling on the supply side. And we aren’t alone. All year and across the country, real estate markets struggled with a lack of existing home sales, all while demand for more space […]
Where in Portland are Home Prices Rising the Fastest?
Rising home prices: possibly the real estate story of the year across the U.S. Naturally, then, we’ve been covering Portland’s historically low inventory, which is driving home prices up, for months now. And it’s unlikely prices will fall anytime soon, if at all. But if you just watch the local news, what you’re likely to […]
SW Portland Alpenrose Dairy could turn into 193 Home Subdivision
In what could be good news for Portland’s housing shortage, the former Alpenrose Dairy property in Southwest Portland might soon be the site of a new, 193 house subdivision. In August of 2019, Alpenrose sold to Smith Brothers Farms of Washington State. Since then, the fate of the 56 acre property on Shattuck Road has […]
How Long will Home Prices Rise Across the U.S.?
Home prices on the rise – the topic that has flooded the news, including here. The fallout from the pandemic has undoubtedly made its mark on all aspects of the economy. But the housing market differs from other industries in that it’s stronger than ever… for the seller. High demand and low interest rates keep […]
Portland Real Estate Market Report: Interest Rates Steady, Demand High 5/2021
Last week, the Bureau of Labor Statistics released the jobs report for April, and it was a huge blow. According to the report, the U.S. added 266,000 jobs last month. In any normal era, that would look pretty positive. But in the time of Covid-19, it’s a different story. Experts had predicted that we’d add […]
Home Prices Soaring in the Portland Real Estate Market
The trend of home prices has only proved itself stronger this week. On Tuesday, Case-Shiller reported the biggest home price increase in 15 years. Their home price index found a 12% annual gain for the month of February, the highest recorded since 2006. That’s up from 11.2% in January. The S&P CoreLogic Case-Shiller Home Price […]
How Big Should Your Next Home Be?
How big? It’s one of the first things that might come to mind when buying a new home. You likely already know that home sizes in the U.S. increased considerably since the middle of the 20th century. We can bemoan “McMansions” until the cows come home (the term generally connotates poor taste). But the fact […]
Portland Zip Code Map: 2021 Update
Zip codes are just another part of our everyday life, right? We use them, but most of the time don’t think much about them. But understanding how the zip codes work in your area helps when you’re buying or selling a home. Knowing your zip code, or the zip code you’d like to live in, […]
I am so grateful for my choice in Stephen. Being able to have total confidence in him made the experience of selling my house stress free. He is friendly, focused, professional, and to the point. Best Realtor I have ever used, period.
Amy
