Archive for the Interest Rates Category

July 2014 Portland Metro Real Estate Update!

July21
"Summertime" - Norah Jones It’s Summertime in Oregon, when we enjoy some of the best weather on the planet!!! I’m a little late with this month’s market review, so I’ll keep this short and sweet. It’s been a busy month! In real estate, it’s more of the same, a “steady-eddy” market that seems solid, stable and reasonable. We are holding steady for the 3rd month in a row at 2.8 months of inventory.   BUYERS: What does this mean for buyers? The Federal Reserve officials agreed at June’s meeting to end their bond-buying program in October, putting an explicit end … Read More

May 2014 Portland Metro Real Estate Update!!

May15
"In the Summertime" - Mungo Jerry Early summertime?  Don’t we wish!!??  But, we know that true summer doesn’t begin in Oregon until July 5th  J.  Our real estate market is anything but “wishful thinking”.  We are experiencing the usual expected “seasonal activity” with closed sales rising 15.4% over March 2014 and 0.8% over April 2013.  This makes it the best April for Portland Metro real estate since April 2007 (using our Regional Multiple Listing Service statistics, the height of our last market frenzy was March of 2007).  Our inventory is down to 2.8 months of active… Read More

APRIL 2014 PORTLAND METRO REAL ESTATE UPDATE!!!

April12
Placido Domingo - "Younger than Springtime" Spring has sprung and we are seeing the usual real estate uptick as we head solidly into the spring selling season.  Activity in the Portland metro area is continuing to trend upward for the first quarter of 2014, but we are not quite as robust as the first quarter of 2013! Total average market time fell to 85 days in March and inventory decreased to 3.1 months (inventory in months is calculated by dividing the active residential listings at the end of the month by the number of closed sales for that month).  The average sales price in the fir… Read More

March 2014 Portland Metro Real Estate Update

March20
A Medley of Songs about Spring “Spring has Sprung” (on the calendar anyway).  And, our real estate market has a spring in its step also.  February saw an increase in closed sales in the Portland metro region!  As a matter of fact, a 5.1% increase over January.  It was the best February closings since 02/2007!!!  And, remember that RMLS (regional multiple listing service) statistics record March 2007 as the “height of the market”!!  Inventory fell slightly to 3.9 months of inventory.  Portland area prices are still rising.  The average price of homes in February 2014 shows … Read More