New Downward Trend in New Listings for Portland Real Estate Market

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:

$109K   $123K   $128K  

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

Demographic facts for Portland:

  • This area has a median house value of $113,100.
  • This area usually gets 117 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 8.3%.
  • The student-to-teacher ratio is 19.2:1. (15.3:1 = national average)

Data reported through 10/19/2016

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