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


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