I’ve noticed a lot of talk lately among industry professionals and the general public about the real estate market heading into a bit of a slowdown. Looking at trends on the national level this has been more or less true.

Looking at the Portland housing market however, things have stayed pretty steady. Appreciation rates are still high, particularly in Portland but also across Beaverton, Hillsboro and Lake Oswego. Prices are what we would expect in the winter market- more days on market and lower prices than in the Spring, Summer or Early Fall. However, the percentage of  “List” price to actual “Sales” ratio is still between 95.2% (in the $2m+ market in unincorporated Washington County) to 103.5% in the $200k range (single family homes).

I know I am a little bit late getting these numbers out for the Portland real estate market. August and September have proven to be busy months for us here at PDX Urban but I do think it is important to take the time to analyze the latest trends and statistics for PDX so we can be better informed on how to be the best real estate agents possible for our clients.

So let’s look at a breakdown of everything we’ve seen in the Portland area up through the month of August. As always, if you have any questions at all please feel free to Contact Us and we’ll be happy to help!