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

Dated: March 10 2014

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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...
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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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