Portland Real Estate Market Sees Home Sales Decline

While home sales in the Portland market have been above average, in this week's report they dropped 4.0% to 771 homes sold over the last 30 days. In comparison, nearby Vancouver had 241 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $375,000 over the latest reporting period for Portland, down from $380,000. Despite the slip in sales, a relatively low two months of inventory indicates that Portland is a definite seller's market.

Want a home with a large living space in Portland? Start your search with these listings that provide the most in the area:

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Get started right now by checking out Portland homes for sale or reviewing Portland real estate trends.

Demographic facts for Portland:

  • The median house value here is $222,000.
  • This area usually gets 154 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 7.8%.
  • There are 17.5 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016

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Premiere Property Group, LLC
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Joe Hernandez
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