Portland Home Prices Rise At A More Measured Pace

Dated: October 28 2014

Views: 547

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.
Source
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

How To Evict A Family Member Or Friend With No Lease

Thinking about evicting a family member with no lease? If you’re feeling more than a bit guilty over the prospect—well, don’t be so hard on yourself: You have plenty of company on this one

Read More

Who Draws Up The Contract In A For Sale By Owner Listing

Curious about the paperwork for selling a house without a Realtor? Well, the seller’s agent is typically the person who draws up a real estate purchase agreement. So what happens if the home is

Read More

How Long Can A House Be Pending

If you’re in the process of buying a home, there’s no doubt you’ve seen the term “Sale Pending” or “Pending Offer” on more than a few real estate listings—perhaps even on the very

Read More

When And How The Seller Is Paid For A Real Estate Transaction

Congrats! You just sold your home in a week for thousands of dollars over the asking price. You may be eyeing that sell price with wide eyes, amazed that a large amount of money will soon be in your

Read More