Portland Home Prices Rise At A More Measured Pace

Dated: October 28 2014

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For the past five months, home prices in the Portland metro region have shown increases in the single digits percentage-wise over the same months last year.

According to RealtyTrac's September and Q3 2014 Residential & Foreclosure Sales Report, Portland's median home price is up a little more than 7 percent over last September. According to RealtyTrac, the Rose City is one of several markets that has eased up a little on appreciation and settled into a sustained pattern of single-digit increase for the last five months.
The Regional Multiple Listing Service reported that the median price for homes in Portland in September was $285,000, up from $265,000 in September 2013.Data released this week by S&P Dow Jones Indicies for its S&P/Case-Shiller Home Price Indicies, also showed a deceleration in home price gains across the country. Despite the slower gains in appreciation, however, S&P/Case Shiller reported that September figures for housing starts, permits and sales of existing homes were all up.

In Portland, the 2,378 closed sales in September was a 10 percent improvement over the same month last year.
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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 25+ years in the industry, Mark has gained experience in....

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