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).Read More