Home Buyers Get Thrown A Closing Costs Bone In Multnomah County

Dated: January 26 2016

Views: 551

Low inventory. Skyrocketing prices. Bidding wars.

It's not been a pretty scene for prospective homebuyers in Portland in recent times. But new data from a New York financial technology company reveal a little something positive for buyers in the metro region.

SmartAssets found that closing costs in Multnomah County trailed behind three other counties in the state.Enlarge

SmartAssets found that closing costs in Multnomah County trailed behind three other… more


According to a study from SmartAsset, average closing costs in 2015 were less in Multnomah County than they were in other metro region counties. The study, which measured closing costs as a percentage of median home value at the county level, revealed that the average closing costs in Multnomah County were $3,370.

The median home value, according to SmartAsset, was $270,200.

That ranking puts Multnomah County at no. 4 on the list of top counties for closing cost expenses. Ranking higher on the list were Washington County ($3,397), Clackamas County ($3,447) and, at the top spot, Hood River County ($3,551).


Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

Why Fall Is A Great Time To Plant In Oregon Gardens

Come spring, excited gardeners drive to nurseries, load up their cars and go home to plant. That’s tradition. But fall planting also ranks high as a time to put plants in the ground.Nurseries may

Read More

Fannie Mae Cuts Origination Forecast For 2022

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022

Read More

How Long Does A Home Seller Have To Respond To An Offer

When you make an offer on a house, you might be wondering: How long does it take a home seller to respond to your offer?There’s nothing worse than sitting around waiting—especially when you’re

Read More

Forbearance Numbers Fall As Borrower Exits Remain High

Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis

Read More