Portland Metro Area Real Estate Market Sees Home Sales Decline

The Portland Metro Area market slowed with a 2.9% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (3,075.7) with 3,222 homes sold. Multnomah County, which is part of the Portland Metro Area, had the most home sales within the area, with 932. Potential buyers should note that prices are coming down in the Portland Metro Area, and for this period the median sales price slid from $340,000 to $339,900. Despite the slip in sales, a relatively low two months of inventory indicates that the Portland Metro Area is a definite seller's market.

Out of all the listings in the Portland Metro Area, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes:

$3M   $200K   $249K  

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

Demographic facts about the Portland Metro Area:

  • The population growth rating is 71. (Scale: 1 = Worst, 100 = Best)
  • This area has 314.9 physicians per 100,000 people.
  • The health cost index score in this area is 113.0. (100 = national average)
  • 71.2% of the residents travel to work in an automobile, 10.7% via carpool, and 6.3% by way of public transit.

Data reported through 10/13/2016

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