Portlands Accelerating Real Estate Market Stands Out Among Major Cities For Better Or Worse

Dated: March 10 2014

Views: 344

The housing market in the Portland area is accelerating faster than most other major cities, according to a new report from the home listings website Realtor.com.

The “Turnaround Towns” report compares shifts in for-sale inventory, median list prices and the time properties spend on the market, as well as search and listing activity on the National Association of Realtors-affiliated website.

Portland comes in at No. 8, between No. 7 Detroit and No. 9 San Diego. Oakland, Calif., tops a list that includes six California metros.

The median list price in Portland has jumped 12 percent in the past year. The number of homes on the market has dropped 23.5 percent, while the amount of time those homes have spent on the market has dropped 45.8 percent. Homes here spend an average of 39 days on the market, compared with a national average of 83 days. Read More Here...
cb
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

10 Ways To Save On A Kitchen Remodel

A kitchen remodel is among the most popular renovation projects for homeowners, but it can quickly become the most expensive. According to HomeAdvisor, the average kitchen remodel costs $25,656, or

Read More

6 Mortgage Tips For Single Homebuyers With Children

If you’re a single parent, it’s arguably more challenging to buy a home than for those in a partnership with dual incomes. Yet it’s easy to see why so many single parents are eager to purchase

Read More

How To Deal With Unsolicited Offers

If you’re one of those lucky people who own a home in a “hot” area, it’s a pretty sweet feeling. You made a good real estate call. If you decide to sell, all signs point to it being an easy

Read More

Homebuying And Mortgage Guide For Singles

Many people might picture homeownership as an event that happens only after two people get married and start a financial partnership. Some mortgages are still structured to reflect that idea. But

Read More