Portland Real Estate Agent What S Happening In Portland Youtube Portland housing market predictions (may 2024 – april 2025) the portland housing market has been a seller's paradise for a while. with an average home value of $542,190, up 1.1% year over year (zillow), and homes going pending in a lightning fast 11 days, it's no surprise buyers have faced fierce competition. Portland’s current four housing price tiers defined. tier one would be a $1,127,950 home with 3,337 sq. ft. and 4 bedrooms and 3 full baths. tier two would be a $684,000 home with 2,320 sq. ft. and 4 bedrooms and 2.5 baths. tier three would be a $524,000 home with 1,764 sq. ft. and 3 bedrooms and 2 baths. tier one would be a $414,500 home.
Portland Real Estate Agent What Is Going On In The Portland Area The portland real estate market since the first half of 2022 is down, home prices are down a median average of 1.8% from mid 2022 to mid 2023. the 1.8% drop is for the entire tri county area. but when we look at specific locations within our greater portland metro we see that some areas have appreciated while others have dropped more. Portland’s real estate market in 2023 was tough for just about everybody. according to rmls figures, the value of total sales in the metro area fell from $17.1 billion in 2022 to $12.3 billion, with both buyers and sellers withdrawing and ultimately leading to less transactions. by zooming in further, the picture becomes even clearer. If you have any real estate questions, we’d love to help! contact our top 1% portland area seller’s agents at 503 714 1111 to get started. and if you’re looking to buy a new home, our top 1% buyer’s agents are here to help you search for and negotiate the best deal on your dream home. call 503 773 0000 to make an appointment today! it. The median home price in portland was $500,000 in january 2023, according to redfin data. that's a year over year decrease of 2.9%. on a national scale, the median home price in january 2023 was $383,000. that's an increase of 1.9% from a year prior. etzel says that home prices in portland have remained strong.
Portland Real Estate Agent Where The Portland Market Is Headed Y If you have any real estate questions, we’d love to help! contact our top 1% portland area seller’s agents at 503 714 1111 to get started. and if you’re looking to buy a new home, our top 1% buyer’s agents are here to help you search for and negotiate the best deal on your dream home. call 503 773 0000 to make an appointment today! it. The median home price in portland was $500,000 in january 2023, according to redfin data. that's a year over year decrease of 2.9%. on a national scale, the median home price in january 2023 was $383,000. that's an increase of 1.9% from a year prior. etzel says that home prices in portland have remained strong. The median price of all portland area home sales in october is $537,000, down $11,000, or 2 percent, from september but up 4.1 percent from the median sale price of $516,000 in october 2021. the median sale price for the year to date for 2022 is $550,000, up 8.6 percent from $506,500 at the same time a year ago. Consider that the median sale price for a portland home hit a high of $550,000 in march of 2021, but has since dropped to $525,000 for september, per redfin’s data. the number of homes sold has also declined noticeably since june’s total of almost 1,500 for the month; in september, there were 1,228 closed sales for the month, redfin says.
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