Multnomah County Real Estate Market Sees Home Sales Down

In this week's report, the number of homes sold in the Multnomah County market dropped to 932 over the past 30 days. It marked a decrease of 4.5% from last week's report and a fall below the monthly average. On the other hand, close-by Washington County registered 806 home sales in the same period, the most of all surrounding counties. Potential buyers should note that prices are coming down in Multnomah County, and for this period the median sales price slid from $351,750 to $350,000. In spite of the decrease in sales, a low two months of inventory signals that Multnomah County is a solid seller's market.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Multnomah County:

$249K   $235K   $201K  

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

Demographic facts for Multnomah County:

  • The median value of all homes is $209,500.
  • The area gets an average of 154 rainy days each year. (U.S. average: 100)
  • This area has an unemployment rate of 7.8%.
  • The student-to-teacher ratio is 18.1:1. (15.3:1 = national average)

Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Elite Realty
1 review
Eleete Real Estate
Snapped 22 homes in this area
Prosmart Realty
Snapped 6 homes in this area

Agents that specialize in this area
52 snaps in this area
8 snaps in this area
31 snaps in this area
2 snaps in this area
96 snaps in this area
31 snaps in this area
31 snaps in this area
21 snaps in this area
204 snaps in this area
12 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.