This week: The median list price in PORTLAND, OR this week is $569,000. Inventory is up and Market Action is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand:
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues.
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Homes are still selling within the first few days on the market with multiple offers!
If you have thought about moving up or selling your home. Call me for a free consultation to help you make the best decisions for your situation.