Sales ticked up to three homes sold over the last 30 days in the Portland market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to two for the same period. All indications show that the trend should continue, meaning less new listings over the next few weeks. As new listings trended lower, prices have also been falling. The median sales price dropped to $114,900, extending a four-week long spiral. Portland is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
If you have a tight budget for your next home, begin the search with these low-cost listings in Portland:
Get started right now by checking out Portland homes for sale or reviewing Portland real estate trends.