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

Dated: 03/10/2014

Views: 327

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 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

Pending Home Sales At An All Time High

Riddle me this: How can home sales grow when we have no homes to buy?When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand.

Read More

US Home Price Growth Picks Up Pace Amid Pandemic Buying Rush

Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing.The S&P CoreLogic Case-Shiller National Home Price Index,

Read More

Housing Market Stays Hot Into Fall With Mortgage Applications Up Nearly 7 Percent

Despite mortgage ratesrising slightly from a previous all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association.The refinance index

Read More

5 Rampant Mortgage Myths You Will Hear These Days

These days, things are changing so fast, it’s tough to keep up. That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such

Read More