There’s pull-back in Portland’s high-end real estate – what does it mean for the rest of the market?

Nick Krautter, Principal Broker in Oregon for the SellPDX Team, made a presentation at the Keller Williams Portland Central office today looking at a curious market trend.

Right now, the average house in Portland sells in only six days. The average house priced over $800k, though, takes sixty days. The average sold price per square foot is also going down, with about 2.5% reduction in just the last month.

There’s some pull-back in the high-end market in Portland, with some decline visible month-over-month. What does this indicate for the rest of the market? Watch Nick’s Facebook Live recap of his presentation above for more.

Want to take a closer look at the report? Read the report here: High-End Market Trends Explained PDF

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