Prices dropped in Portland, Oregon but it’s not a Buyer’s Market yet…

by | Feb 19, 2019 | Market Reports

There’s a lot of news about the median home price in Portland, Oregon dropping 1.3% January 2019 compared to January 2018. Before you panic and think our market is crashing here are some stats to keep in mind. 5.3% Higher: The median home price of 2018 vs. 2017

3.3 Months: The months of home inventory – Buyer’s markets don’t start until we have more than 6 months of inventory.

4,760: The number of active listings – same as we had in April 2018

76: Average Days on Market before a home gets an accepted offer.

So while there is more competition among sellers, I expect the market to rise as it typically does starting in March and peaking in July or August 2019. If you’ve been waiting to buy I think there is an excellent window of opportunity right now for buyers. If you’re buying and selling I would recommend you move if you find the right place. If you’re just selling and moving out of town or to a rental I’d look at listing in April or May 2019.

While I have a pretty good crystal ball there are no guarantees the year will unfold as I expect so seek the advice of a great Realtor or give us a call if you need a great Realtor team to help you make a move!

0 Comments

Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington